According to the report released by Eurostat, the Statistical Office of the European Communities, in November last year industrial producer prices fell by 0.3 percent in the euro area and by 0.4 percent in the European Union member states (EU-28), month on month. On year-on-year basis, in November last year industrial producer prices were up by four percent in the euro area and by 4.3 percent in the EU-28.
In November 2018, compared with October, prices in the energy sector fell by 1.1 percent in the euro area and by 1.8 percent in the EU-28. Prices of intermediate goods grew by 0.1 percent in the euro area and remained stable in the EU-28. Prices of durable goods, non-durable goods and capital goods also remained stable both in the euro area and in the EU-28, on month-on-month basis.
In the given month, among the member states for which data are available, the largest month-on-month decreases in industrial producer prices were recorded in Greece (-2.7%), the Netherlands (-1.4%), and Lithuania and the United Kingdom (both -1.3%), and the highest increases in Estonia (+1.7%), Denmark (+1.2%) and Sweden (+0.8%).
In November 2018, compared with November 2017, prices in the energy sector rose by 10.8 percent in the euro area and rose by 12 percent in the EU-28. Prices of intermediate goods grew by 2.6 percent in the euro area and by three percent in the EU-28, year on year. Prices of durable goods increased by 1.2 percent in the euro area, and by 1.4 percent in the EU-28, while prices of non-durable goods rose by 0.2 percent in the euro area and by 0.4 percent in the EU-28, on year-on-year basis. Prices of capital goods rose by 1.2 percent both in the euro area and by 1.3 percent in the EU-28, year on year.
Among member states for which data are available, the largest year-on-year increases in industrial producer prices were recorded in Belgium (+9.3%), Denmark (+9.2%) and Estonia (+8.6%). The only decrease was observed in Ireland (-0.6%).