Compared with May, June industrial producer prices rose by 0.1 percent in the euro area (EA19) and by 0.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2016, prices decreased by 0.3 percent in the euro and by 0.4 percent in EU28.
Compared with June 2016, industrial producer prices increased by 2.5 percent in the euro area and by 2.6 percent in the EU28.
The 0.1 percent decrease in industrial producer prices in total industry in the euro area in June 2017, compared with May 2017, is due to price falls of 0.3 percent in the energy sector and of 0.2 percent for intermediate goods, while prices remained stable for durable consumer goods and increased by 0.1 percent for capital goods and by 0.2 percent for non-durable consumer goods. Prices in total industry excluding energy remained stable.
In the EU28, the 0.2 percent decrease is due to price falls of 0.7 percent in the energy sector and of 0.1 percent for intermediate goods, while prices remained stable for durable consumer goods and increased by 0.1 percent for capital goods and by 0.2 percent for non-durable consumer goods. Prices in total industry excluding energy remained stable.
The largest decreases in industrial producer prices were observed in Greece (-1.3 percent), Denmark and the Netherlands (both -1.1 percent) and Ireland (-1.0 percent), while increases were observed in Latvia (+0.7 percent), Italy (+0.4 percent), Cyprus (+0.2 percent) and Malta (+0.1 percent).
The 2.5 percent increase in industrial producer prices in total industry in the euro area in June 2017, compared with June 2016, is due to rises of 2.9 percent both for intermediate goods and in the energy sector, of 2.5 percent for non-durable consumer goods, of 0.9 percent for capital goods and of 0.6 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.2 percent.
In the EU28, the 2.6 percent price increase is due to rises of 3.4 percent in the energy sector, of 3.1 percent for intermediate goods, of 2.9 percent for non-durable consumer goods, of 1.2 percent for capital goods and of 1.0 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.5 percent.
The largest increases in industrial producer prices were recorded in Belgium (+6.4 percent), Cyprus (+5.7 percent), the United Kingdom (+4.7 percent) and Poland (+3.7 percent), while a price decrease was observed in Luxembourg (-3.2 percent).
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