The 2020 Mid-Year Economic Update_long

Industrial Producer Prices in Europe Rise 0.1% in June

Price increases in the energy sector drove the total increase in both the euro area and the EU28.

Compared with May 2014, industrial producer prices in June rose 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.

Compared with June 2013, industrial producer prices decreased by 0.8 percent in both the euro area and the EU28.

Sequential comparison
The 0.1 percent increase in industrial producer prices in total industry in the euro area in June 2014, compared with May 2014, is due to rises of 0.5 percent in the energy sector and of 0.1 percent for both capital goods and durable consumer goods, while prices remained stable for intermediate goods and for non-durable consumer goods. Prices in total industry excluding energy also rose by 0.1 percent.

In the EU28, the 0.1 percent increase is due to rises of 0.3 percent in the energy sector and of 0.1 percent for durable consumer goods, while prices remained stable for intermediate goods, capital goods and non-durable consumer goods. Prices in total industry excluding energy remained stable.

The largest increases in industrial producer prices were observed in Spain (+0.9 percent), Latvia (+0.6 percent), Greece and Hungary (both +0.4 percent), and the highest decreases in Lithuania (-0.9 percent), Estonia (-0.8 percent) and Denmark (-0.4 percent).

Annual comparison
The 0.8 percent decrease in industrial producer prices in total industry in the euro area in June 2014, compared with June 2013, is due to falls of 2.3 percent in the energy sector and of 0.9 percent for intermediate goods, while prices rose by 0.3 percent for non-durable consumer goods, by 0.4 percent for capital goods and by 1.0 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.1 percent.

In the EU28, the 0.8 percent decrease is due to falls of 2.3 percent in the energy sector and of 0.8 percent for intermediate goods, while prices rose by 0.3 percent for non-durable consumer goods, by 0.4 percent for capital goods and by 0.8 percent for durable consumer goods. Prices in total industry excluding energy decreased by 0.1 percent.

The largest decreases in industrial producer prices were observed in Estonia (-6.6 percent), Lithuania (-4.7 percent) and Belgium (-4.5 percent), and the highest increases in Greece (+1.6 percent), Sweden (+0.7 percent) and Romania (+0.6 percent).

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