According to the report released by Eurostat, the Statistical Office of the European Communities, in August this year industrial producer prices fell by 0.5 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 August this year industrial producer prices were down by 0.8 percent in the euro area and by 0.3 percent in the EU-28.
In August, compared with July, prices in the energy sector decreased by 1.9 percent in the euro area and by 1.5 percent in the EU-28. Prices of intermediate goods remained stable both in the euro area and in the EU-28. Prices of durable goods increased by 0.1 percent in the euro area and remained stable in the EU-28. Prices of non-durable goods increased by 0.2 percent in the euro area and by 0.1 percent in the EU-28. Prices of capital goods remained stable in the euro area and rose by 0.1 percent in the EU-28, all 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 Spain (-1.4%), Greece (-1.3%) and Belgium, Denmark and Lithuania (all -0.7%), while increases were observed in Bulgaria (+0.7%), Hungary (+0.4%) and Slovenia (+0.3%).
In August this year, compared with August 2018, prices in the energy sector fell by 4.9 percent in the euro area and by 4.1 percent in the EU-28. Prices of intermediate goods fell by 0.4 percent in the euro area and rose by 0.1 percent in the EU-28, year on year. Prices of durable goods increased by 1.4 percent in both the euro area and the EU-28, while prices of non-durable goods rose by 1.4 percent in the euro area and by 1.3 percent in the EU-28, on year-on-year basis. Prices of capital goods rose by 1.5 percent in the euro area and by 1.6 percent in the EU-28, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Romania (+4.7%), Bulgaria (+4.5%), and Luxembourg (+2.9 %), while decreases were observed in Denmark (-4.4%), Spain (-2.5%) and Portugal and Italy (both -2.1%).