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European Industrial Producer Price Index: January 2014

In January 2014, compared with December 2013, industrial producer prices fell by 0.3 percent in the euro area (EA18) and by 0.4 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December, prices increased by 0.2 percent in both zones.

The 0.3 percent decrease in industrial producer prices in total industry in the euro area in January 2014, compared with December 2013, is due to falls of 1.4 percent in the energy sector and of 0.1 percent for non-durable consumer goods, while prices increased by 0.1 percent for intermediate goods, by 0.2 percent for capital goods and by 0.4 percent for durable consumer goods. Prices in total industry excluding energy rose by 0.1 percent.

In the EU28, the 0.4 percent decrease is due to the fall of 1.7 percent in the energy sector, while prices remained stable for non-durable consumer goods. Prices rose by 0.2 percent for intermediate goods and by 0.3 percent for both capital goods and durable consumer goods. Prices in total industry excluding energy increased by 0.2 percent.

The largest decreases in industrial producer prices were observed in the Czech Republic and Spain (both down 1.3 percent), Lithuania (down 0.8 percent), France and Slovakia (both down 0.6 percent) and the United Kingdom (down 0.5 percent), and the highest increases in Estonia (up 1.1 percent) and Latvia (up 1 percent).

The 1.4 percent decrease in industrial producer prices in total industry in the euro area in January 2014, compared with January 2013, is due to falls of 3.8 percent in the energy sector and of 1.7 percent for intermediate goods, while prices rose by 0.5 percent for capital goods, by 0.6 percent for non-durable consumer goods and by 0.8 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.4 percent.

In the EU28, the 1.2 percent decrease is due to falls of 3.6 percent in the energy sector and of 1.5 percent for intermediate goods, while prices rose by 0.7 percent for both capital goods and durable consumer goods and by 0.8 percent for non-durable consumer goods. Prices in total industry excluding energy decreased by 0.2 percent.

The largest decreases in industrial producer prices were observed in Cyprus (down 4.8 percent), Belgium (down 3.9 percent), Lithuania (down 3.7 percent) and Slovakia (down 2.7 percent). The only increases were observed in Ireland (up 2.1 percent), Latvia (up 0.5 percent), Estonia (up 0.3 percent) and Sweden (up 0.1 percent), while prices remained stable in Malta and the United Kingdom.

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