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European Industrial Producer Prices Index: May 2014

In May 2014, compared with April 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 April, prices also decreased by 0.1 percent in both zones.

In May 2014, compared with May 2013, industrial producer prices decreased by 1 percent in the euro area and by 0.9 percent in the EU28.

The 0.1 percent decrease in industrial producer prices in total industry in the euro area in May 2014, compared with April 2014, is due to falls of 0.3 percent in the energy sector and of 0.1 percent for non-durable consumer goods, while prices remained stable for intermediate goods and capital goods, and increased by 0.1 percent for durable consumer goods. Prices in total industry excluding energy remained stable.

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

The largest decreases in industrial producer prices were observed in Lithuania (down 1.5 percent), Latvia (down 1 percent) and Hungary (down 0.8 percent), and the highest increases in Estonia (up 1.6 percent), Denmark (up 1 percent) and Spain (up 0.9 percent).

The 1 percent decrease in industrial producer prices in total industry in the euro area in May 2014, compared with May 2013, is due to falls of 2.8 percent in the energy sector and of 1.2 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 0.2 percent.

In the EU28, the 0.9 percent decrease is due to falls of 2.8 percent in the energy sector and of 1 percent for intermediate goods, while prices rose by 0.4 percent for capital goods, by 0.5 percent for non-durable consumer goods and by 0.7 percent for 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 and Lithuania (both down 4.8 percent), Cyprus (down 4.3 percent) and Slovakia (down 3.7 percent), and the only increases in Greece (up 1.1 percent), Romania (up 0.8 percent), Sweden (up 0.7 percent), Estonia and Ireland (both up 0.5 percent).

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