EU-27 industrial producer prices up one percent in April over March

According to a report released by Eurostat, the Statistical Office of the European Communities, in April this year in the European Union member states (EU-27) industrial producer prices were up by one percent compared with March. In April this year as compared with April 2010, industrial producer prices rose by 7.8 percent in the EU-27.
 
In April 2011, compared with the previous month, prices in overall industry excluding the energy sector increased by 0.4 percent in the EU-27, while prices in the energy sector rose by 2.2 percent. Meanwhile, in April in the EU-27, prices of intermediate goods rose by 0.6 percent, prices of durable consumer goods gained 0.2 percent and prices of capital goods rose by 0.1 percent, all on year-on-year basis. Non-durable consumer goods rose by 0.4 percent in the EU-27 in the month in question.
 
Among the member states for which data are available, the highest month-on-month increases in the overall index were recorded in Latvia (+4.6 percent), the United Kingdom (+1.8 percent), the Netherlands (+1.4 percent), Denmark and Greece (both +1.2 percent), while the lowest month-on-month increase was recorded in Romania (+0.3 percent). The only decrease was observed in Sweden (-0.5 percent), while prices remained stable in Malta.
 
In April this year, prices in the total industry excluding the energy sector increased by 4.6 percent year on year in the EU-27, while prices in the energy sector gained 15.4 percent, intermediate goods rose by 7.3 percent, non-durable consumer goods increased by 3.9 percent, durable consumer goods rose by 1.9 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 (+13.1 percent), the Netherlands (+11.7 percent), Bulgaria (+10.7 percent), Belgium (+10.6 percent) and Lithuania (+10.5 percent), and the smallest in Malta (+0.9 percent), Sweden (+2.9 percent), Slovakia (+3.1 percent) and Cyprus (+4.7 percent).