According to a report released by Eurostat, the Statistical Office of the European Communities, in August this year in the European Union member states (EU-27) industrial producer prices decreased 0.2 percent as compared to July levels. In August this year as compared with August 2010, industrial producer prices rose by 6.7 percent in the EU-27.
In August 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 0.9 percent. Meanwhile, in August in the EU-27, prices of intermediate goods, prices of non durable consumer goods and prices of capital goods remained stable while prices of durable consumer goods rose by 0.3 percent.
Among the member states for which data are available, the highest month-on-month increases in the overall index were recorded in Latvia (+0.8%) and Hungary (+0.3%). The largest decreases were recorded in the United Kingdom (-1.1%), Bulgaria (-1.0%) and Greece (-0.9%).
In August this year, prices in the total industry excluding the energy sector increased by 4.1 percent year on year in the EU-27, while prices in the energy sector gained 13.2 percent, intermediate goods rose by 5.8 percent, non-durable consumer goods increased by 4.1 percent, durable consumer goods rose by 2.1 percent and capital goods gained 1.7 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 (+11.9%), Lithuania (+10.5%) and Latvia (+9.4%), and the smallest in Malta, Sweden and Slovakia (all +1.9%).