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European Industrial Producer Prices Index: February 2014

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

The 0.2 percent decrease in industrial producer prices in total industry in the euro area in February 2014, compared with January 2014, is due to falls of 0.5 percent in the energy sector and of 0.1 percent for intermediate goods, while prices remained stable for capital goods and non-durable consumer goods, and increased by 0.1 percent for durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.2 percent decrease is due to falls of 0.4 percent in the energy sector and of 0.1 percent for intermediate goods, while prices remained stable for capital goods and non-durable consumer goods, and rose by 0.1 percent for durable consumer goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in Estonia (down 1.9 percent), Slovakia (down 1.6 percent), Greece (down 1.5 percent), Lithuania (down 0.9 percent), Slovenia (down 0.8 percent) and Spain (down 0.7 percent), and the only increases in Denmark (up 0.4 percent), Hungary (up 0.3 percent), Croatia (up 0.2 percent), Cyprus and Finland (both up 0.1 percent).

The 1.7 percent decrease in industrial producer prices in total industry in the euro area in February 2014, compared with February 2013, is due to falls of 4.4 percent in the energy sector and of 1.8 percent for intermediate goods, while prices rose by 0.4 percent for capital goods, by 0.6 percent for non-durable consumer goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.5 percent.

In the EU28, the 1.6 percent decrease is due to falls of 4.9 percent in the energy sector and of 1.6 percent for intermediate goods, while prices rose by 0.5 percent for capital goods and by 0.8 percent for both durable and non-durable consumer goods. Prices in total industry excluding energy decreased by 0.3 percent.

Industrial producer prices fell in almost all Member States, with the largest decreases observed in Cyprus (down 5.4 percent), Lithuania (down 4.6 percent), Belgium (down 4.2 percent), Slovakia (down 3.8 percent) and Greece (down 3.5 percent), and the only increases in Ireland (up 1.1 percent), Latvia (up 0.5 percent) and Malta (up 0.3 percent).

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