According to a report released by Eurostat, the Statistical Office of the European Communities, in October this year in the European Union member states (EU-27) industrial producer prices increased 0.2 percent as compared to September levels. In October this year as compared with October 2010, industrial producer prices rose by 6.4 percent in the EU-27.
In October 2011, compared with the previous month, prices in overall industry excluding the energy sector decreased by 0.1 percent in the EU-27, while prices in the energy sector rose by 0.8 percent. Meanwhile, in October in the EU-27, prices of intermediate goods fell by 0.5 percent, while prices of durable consumer goods rose 0.3 percent, non-durable consumer goods increased by 0.2 percent and prices of capital goods rose by 0.1 percent, all compared to the previous month.
Among the member states for which data are available, the highest month-on-month increases in the overall index were recorded in Hungary (+1.3 percent), in France (+0.5 percent), and in Slovakia and the UK (both +0.4 percent). The largest decreases were recorded in Denmark (-0.7 percent), in Ireland (-0.6 percent) and in Belgium (-0.5 percent).
In October this year as compared to October last year, prices in overall industry excluding the energy sector increased by 3.5 percent year on year in the EU-27, while prices in the energy sector gained 13.9 percent, intermediate goods rose by 4.4 percent, non-durable consumer goods increased by 4.1 percent, durable consumer goods rose by 2.5 percent and capital goods gained 1.6 percent.
Among member states for which data are available, the largest year-on-year increases in the overall index were observed in the United Kingdom (+11.7 percent), in Lithuania (+11.4 percent) and in Latvia (+9.8 percent), and the smallest in Malta (+0.8 percent) and in Slovakia (+3 percent). The only decrease was recorded in Sweden (-0.7 percent).