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European Industrial Producer Prices Index: March 2014

In March 2014, compared with February 2014, industrial producer prices fell by 0.2 percent in the euro area (EA18) and by 0.3 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February, prices decreased by 0.2 percent in the euro area and by 0.1 percent in the EU28.

The 0.2 percent decrease in industrial producer prices in total industry in the euro area in March 2014, compared with February 2014, is due to falls of 0.8 percent in the energy sector and of 0.2 percent for intermediate goods, while prices remained stable for non-durable consumer goods, and increased by 0.1 percent for both capital goods and durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.3 percent decrease is due to falls of 0.9 percent in the energy sector and of 0.1 percent for intermediate goods, while prices remained stable for durable consumer goods, and rose by 0.1 percent for both capital goods and nondurable consumer goods. Prices in total industry excluding energy remained stable.

Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Denmark and the Netherlands (both down 0.9 percent), Estonia and Cyprus (both down 0.8 percent), and the only increases in Greece and Malta (both up 0.7 percent) and Spain (up 0.2 percent), while prices remained stable in Lithuania and Slovenia.

The 1.6 percent decrease in industrial producer prices in total industry in the euro area in March 2014, compared with March 2013, is due to falls of 4.3 percent in the energy sector and of 1.9 percent for intermediate goods, while prices rose by 0.3 percent for capital goods, by 0.5 percent for non-durable consumer goods and by 0.8 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, by 0.7 percent for non-durable consumer goods and by 0.8 percent for 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 5.6 percent), Belgium (down 4.8 percent), Estonia, Lithuania and Slovakia (all down 4.2 percent), and the only increases in Malta (up 0.8 percent) and Latvia (up 0.6 percent).

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