According to the report released by Eurostat, the Statistical Office of the European Communities, in April this year industrial producer prices decreased by two percent in the euro area and by 1.9 percent in the European Union member states (EU), month on month. On year-on-year basis, in April this year industrial producer prices were down by 4.5 percent in the euro area and by 4.3 percent in the EU.
In April, compared with March, prices in the energy sector were down by 7.5 percent in the euro area and by 7.1 percent in the EU. Prices of capital goods rose 0.1 percent in the euro area and by 0.2 percent in the EU, month on month. Prices of non-durable goods decreased by 0.2 percent both in the euro area and in the EU, month on month. In the same month, prices of durable goods rose by 0.2 percent in the euro area and by 0.1 percent in the EU, while prices of intermediate goods fell by 0.7 percent in the euro area and by 0.6 percent in the EU, 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 (3.6%), Italy (3.4%) and Spain (3.0%), while increases were observed in Malta (0.5%), Slovenia (0.3%) and Luxembourg (0.1%).
In April this year, compared with April 2019, prices in the energy sector declined by 16.5 percent in the euro area and by 16.1 percent in the EU. Prices of intermediate goods decreased by 2.7 percent in the euro area and by 2.5 percent in the EU, while prices of durable goods were up by 1.3 percent in the euro area and 1.4 percent in the EU, year on year. Prices of non-durable goods increased by 1.7 percent in the euro area and by 2.0 percent in the EU, on year-on-year basis. Prices of capital goods rose by 1.0 percent in the euro area and by 1.2 percent in the EU, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Cyprus (3.5%), Malta (1.4%) and Slovakia (1.2%), while decreases were observed in Lithuania (10.3%), Greece (9.4%) and Denmark (8.7%).