In November 2016, compared with October 2016, industrial producer prices rose by 0.3 percent in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October 2016 prices increased by 0.8 percent in the euro area and by 1 percent in the EU28.
In November 2016, compared with November 2015, industrial producer prices rose by 0.1 percent in the euro area and by 0.7 percent in the EU28.
The 0.3 percent increase in industrial producer prices in total industry in the euro area in November 2016, compared with October 2016, is due to rises of 0.7 percent in the energy sector, of 0.5 percent for intermediate goods and of 0.1 percent for nondurable consumer goods, while prices remained stable for capital goods and fell by 0.1 percent for durable consumer goods. Prices in total industry excluding energy rose by 0.2 percent.
In the EU28, the 0.3 percent increase is due to rises of 0.4 percent for intermediate goods and of 0.2 percent for both the energy sector and for non-durable consumer goods, while prices remained stable for capital goods and fell by 0.1 percent for durable consumer goods. Prices in total industry excluding energy also rose by 0.3 percent.
The highest increases in industrial producer prices were observed in Belgium and Ireland (both +1.4 percent), Estonia (+1.2 percent) and Poland (+1.1 percent), and the largest decreases in Croatia (-1.3 percent), Greece and the United Kingdom (both -0.7 percent).
The 0.1 percent increase in industrial producer prices in total industry in the euro area in November 2016, compared with November 2015, is due to rises of 0.8 percent for durable consumer goods, of 0.7 percent for non-durable consumer goods, of 0.5 percent for capital goods and of 0.1 percent for intermediate goods, while prices decreased by 0.5 percent in the energy sector. Prices in total industry excluding energy rose by 0.4 percent.
In the EU28, the 0.7 percent price increase is due to rises of 1.5 percent in the energy sector, of 0.9 percent for capital goods, for durable and non-durable consumer goods and of 0.3 percent for intermediate goods. Prices in total industry excluding energy also rose by 0.7 percent.
The highest increases in industrial producer prices were observed in the United Kingdom (+4.4 percent), Belgium (+4.1 percent) and Sweden (+3.2 percent), and the largest decreases in Luxembourg (-6.5 percent), Croatia (-2.7 percent), Latvia and Slovakia (both -2.6 percent).
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