According to a report released by Eurostat, the Statistical Office of the European Communities, in September this year industrial producer prices increased by 0.2 percent in the euro area and by 0.3 percent in the European Union member states (EU-27), month on month. In August this year, prices had increased by 0.9 percent compared to the previous month in the euro area and by 1.1 percent in the EU-27. In September this year, industrial producer prices gained 2.7 percent in the euro area and 2.6 percent in the EU-27 compared to September 2011.
In September 2012 compared with the previous month, prices in overall industry excluding the energy sector increased by 0.3 in both zones, while the prices in the energy sector remained stable in the euro area and increased by 0.5 percent in the EU-27. In September, prices of durable consumer goods and capital goods remained stable in both zones, while prices of intermediate goods and non-durable consumer goods increased by 0.4 percent in both zones.
Among the member states for which data are available, the largest month-on-month increases were recorded in Denmark (+1.1 percent), in Netherlands (+0.9 percent) and in Portugal (+0.6 percent) while decreases were recorded in Greece (-0.6 percent) and in Spain and Italy (both with -0.1 percent). In September, industrial producer prices remained stable in the Czech Republic, Ireland and Slovenia.
In September 2012 as compared to September 2011, prices in overall industry excluding the energy sector increased by 1.2 percent in the euro area and by 1.3 percent in the EU-27, while prices in the energy sector gained seven percent and 6.6 percent respectively. Prices of non-durable consumer goods increased by 2.4 percent in the euro area and rose by 2.6 percent in the EU-27. Durable consumer goods rose by 1.3 in both zones, while capital goods also rose by 0.9 percent in both zones. The prices of intermediate goods increased by 0.7 percent both in the euro zone and in the EU-27, year on year.
Among member states for which data are available, the largest year-on-year increases in the overall index were observed in Bulgaria (+6.6 percent), in Cyprus (+6.3 percent) and in Romania (+6 percent) and the smallest in Sweden (+0.5 percent) and in Malta, Austria and Slovenia (all with +0.9 percent).