According to a report released by Eurostat, the Statistical Office of the European Communities, in August this year industrial producer prices remained stable in the euro area and by 0.1 percent in the European Union member states (EU-28), month on month. In August this year as compared to August 2012, industrial producer prices fell by 0.8 percent in the euro area and were down by 0.3 percent in the EU-28.
In August this year compared with the previous month, prices in overall industry excluding the energy sector rose by 0.1 percent in both the euro area and the EU-28, while prices in the energy sector increased by 0.2 percent in the euro area and by 0.3 percent in the EU-28. In August, the prices of capital goods and durable consumer goods remained stable, the prices of non-durable consumer goods increased by 0.2 percent in both zones, while prices of intermediate goods decreased by 0.1 percent in both zones, all month on month.
Among the member states for which data are available, the largest month-on-month decreases were recorded in Estonia (+1.7%), Denmark (+1.1%), Ireland (+1.0%), and Hungary and Finland (both +0.6%), while the largest decreases were registered in Belgium (-1.4%), Romania (-0.6%), and Lithuania and Poland (both -0.2%).
In August of the current year as compared to August 2012, prices in overall industry excluding the energy sector increased by 0.3 percent in the euro area and by 0.5 percent in the EU-28, while prices in the energy sector fell 3.3 percent in the euro area and by 2.6 percent in the EU-28. Prices of non-durable consumer goods increased by two percent and 2.1 percent respectively. Durable consumer goods rose by 0.6 percent in the euro area and 0.4 percent in the EU-28. In both zones capital goods gained 0.6 percent , while prices of intermediate goods decreased by one percent in the euro area and by 0.8 percent in the EU-28, all year on year.
Among member states for which data are available, the largest year-on-year increases in the overall index were observed in Estonia (9.7 percent), Denmark (3.2 percent), Ireland (3 percent) and in the United Kingdom (2.5 percent), while the largest decreases were seen in Bulgaria (-2.9 percent) Cyprus (-2.7 percent), in Lithuania (-2.5 percent) and in Italy (-2.3 percent).