According to a report released by Eurostat, the Statistical Office of the European Communities, in June this year in the European Union member states (EU-27) industrial producer prices were stable as compared to May levels. In June this year as compared with June 2010, industrial producer prices rose by 6.9 percent in the EU-27.
In June 2011, compared with the previous month, prices in overall industry excluding the energy sector increased by 0.1 percent in the EU-27, while prices in the energy sector fell by 0.2 percent. Meanwhile, in June in the EU-27, prices of intermediate goods and of durable consumer goods both rose by 0.1 percent, prices of non durable consumer goods and of capital goods gained 0.2 percent, all on year-on-year basis.
Among the member states for which data are available, the highest month-on-month increases in the overall index were recorded in Latvia (+1.3 percent), Cyprus and Romania (both +0.6 percent) and Slovania (+0.4 percent), while the highest month-on-month decreases was recorded in Ireland (-1.2 percent), Denmark and Hungary and the Netherlands (-0.7 percent each).
In June this year, prices in the total industry excluding the energy sector increased by 4.4 percent year on year in the EU-27, while prices in the energy sector gained 13 percent, intermediate goods rose by 6.6 percent, non-durable consumer goods increased by 4.2 percent, durable consumer goods rose by 1.7 percent and capital goods gained 1.4 percent, all compared to the same month last year.
Among member states for which data are available, the largest year-on-year increases in the overall index were observed in the United Kingdom (+12.7 percent), Denmark (+10.6 percent) and Bulgaria (+10.1 percent), and the smallest in Malta (+0.8 percent), and Hungary and Sweden (both +1.5 percent).