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European Industrial Producer Prices Index: April 2014

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

The 0.1 percent decrease in industrial producer prices in total industry in the euro area in April 2014, compared with March 2014, is due to a fall of 0.7 percent in the energy sector, while prices remained stable for intermediate goods and capital goods, and increased by 0.1 percent for durable consumer goods and by 0.2 percent for non-durable consumer goods. Prices in total industry excluding energy rose by 0.1 percent.

In the EU28, the 0.1 percent decrease is due to a fall of 0.5 percent in the energy sector, while prices remained stable for intermediate goods, capital goods and durable consumer goods, and rose by 0.1 percent for non-durable consumer goods. Prices in total industry excluding energy increased by 0.1 percent.

The largest decreases in industrial producer prices were observed in Malta (down 2.3 percent), Belgium (down 1.5 percent) and Sweden (down 0.6 percent), and the highest increases in Romania (up 1.7 percent), Greece (up 1.3 percent) and Latvia (up 0.7 percent).

The 1.2 percent decrease in industrial producer prices in total industry in the euro area in April 2014, compared with April 2013, is due to falls of 3.3 percent in the energy sector and of 1.5 percent for intermediate goods, while prices rose by 0.3 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 fell by 0.3 percent.

In the EU28, the 1.1 percent decrease is due to falls of 3.3 percent in the energy sector and of 1.3 percent for intermediate goods, while prices rose by 0.4 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 0.1 percent.

Industrial producer prices fell in almost all Member States, with the largest decreases observed in Belgium (down 5.1 percent), Cyprus (down 4.7 percent), Estonia and Slovakia (both down 4.6 percent), Lithuania (down 3.7 percent) and Croatia (down 3 percent), and the only increases in Romania (up 1.1 percent), Greece (up 0.8 percent), Spain and Latvia (both up 0.1 percent), while prices remained stable in Sweden.

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