According to the report released by Eurostat, the Statistical Office of the European Communities, in June this year industrial producer prices increased by 0.1 percent both in the euro area and in the European Union member states (EU-28) month on month. In June of the current year as compared to June 2013, industrial producer prices fell by 0.8 percent in the both zones.
In June this year compared with May, prices in overall industry excluding the energy sector increased by 0.1 percent in the euro area and remained stable in the EU-28. The prices of capital goods increased by 0.1 percent in the euro area and remained stable in the EU-28, while prices of durable consumer goods increased by 0.1 percent in both zones, while the prices of intermediate goods and non-durable goods remained stable in both zones, all month on month. Meanwhile, the prices of energy rose by 0.5 percent in the euro area and by 0.3 percent in the EU-28, both on month-on-month basis.
In the given month, among the member states for which data are available, the largest month-on-month increases in industrial producer prices were recorded in Spain (+0.9%), Latvia (+0.6%), Greece and Hungary (both +0.4%), while the largest decreases were registered in Lithuania (-0.9%), Estonia (-0.8%) and Denmark (-0.4%).
In June of the current year as compared to June 2013, prices in overall industry excluding the energy sector decreased by 0.1 percent both in the euro area and in the EU-28, while prices in the energy sector fell by 2.3 percent in both areas. Prices of intermediate goods decreased by 0.9 percent in the euro area and by 0.8 percent in the EU-28, year on year. Prices of capital goods rose by 0.4 percent and prices of non-durable goods increased by 0.3 percent both in the euro area and in the EU-28, while prices of durable consumer goods rose by one percent in the euro area and increased by 0.8 percent in the EU-28, all year on year.
Among member states for which data are available, the largest year-on-year increases in the overall index were observed in Greece (+1.6%), Sweden (+0.7%) and Romania (+0.6%), while the largest decreases were seen in Estonia (-6.6%), Lithuania (-4.7%) and Belgium (-4.5%).