According to the report released by Eurostat, the Statistical Office of the European Communities, in June this year industrial producer prices fell by 0.6 percent both in the euro area and the European Union member states (EU-28), month on month. On year-on-year basis, in June this year industrial producer prices were up by 0.7 percent in the euro area and by 0.9 percent in the EU-28.
In June, compared with May, prices in the energy sector declined by 2.2 percent in the euro area and decreased by 2.9 percent in the EU-28. Prices of intermediate goods decreased by 0.3 percent both in the euro area and in the EU-28. Prices of durable goods increased by 0.1 percent in the euro area and by 0.2 percent in the EU-28. Prices of non-durable goods increased by 0.3 percent in the euro area and by 0.2 percent in the EU-28. Prices of capital goods remained stable both in the euro area and 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 Lithuania (-2.0%), Greece (-1.9%) and Denmark (-1.7%), while increases were observed in Latvia (+1.7%) and in Estonia and Cyprus (both +0.3%).
In June, compared with June 2018, prices in the energy sector fell by 0.1 percent in the euro area and by 0.9 percent in the EU-28. Prices of intermediate goods grew by 0.1 percent in the euro area and by 0.5 percent in the EU-28, year on year. Prices of durable goods increased by 1.3 percent in the euro area and by 1.4 percent in the EU-28, while prices of non-durable goods rose by 1.2 percent in the euro area and by 1.4 percent in the EU-28, on year-on-year basis. Prices of capital goods rose by 1.5 percent in both areas, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Latvia (+5.6%), Romania (+4.7%), and Cyprus (+4.2%), while decreases were observed in Denmark (-2.6%), Greece (-1.2%) and Portugal (-1.1%).