According to a report released by Eurostat, the Statistical Office of the European Communities, in July this year in the European Union member states (EU-27) industrial producer prices increased 0.4 percent as compared to June levels. In July this year as compared with July 2010, industrial producer prices rose by seven percent in the EU-27.
In July 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 rose by 1.3 percent. Meanwhile, in July in the EU-27, prices of intermediate goods both rose by 0.1 percent, prices of durable consumer goods prices rose by 0.3 percent, prices of non durable consumer goods gained 0.2 percent, and prices of capital goods remained stable 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 Cyprus (+2.0%), Lithuania (+1.4%) and Hungary (+1.2%). The largest decreases were recorded in Denmark (-0.8%), Belgium (-0.4%) and Sweden (-0.3%).
In July this year, prices in the total industry excluding the energy sector increased by 4.3 percent year on year in the EU-27, while prices in the energy sector gained 13.8 percent, intermediate goods rose by 6.3 percent, non-durable consumer goods increased by 4.1 percent, durable consumer goods rose by 1.8 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 (+12.6%), Lithuania (+10.7%) and Latvia (+9.0%), and the smallest in Malta and Sweden (both +1.0%) and Slovakia (+2.0%).