According to the report released by Eurostat, the Statistical Office of the European Communities, in February this year industrial producer prices remained stable in the euro area and rose by 0.1 percent in the European Union member states (EU-28), month on month. As compared to February last year, in February this year industrial producer prices rose by 4.5 percent in the euro area and by 5.3 percent in the EU-28.
In February this year compared with January, prices in the energy sector decreased by 1.1 percent in the euro area and by 0.7 percent in the EU-28. Prices of intermediate goods grew by 0.6 percent both in the euro area and in the EU-28, month on month. Prices of non-durable goods rose by 0.2 percent both in the euro area and in the EU-28 on month-on-month basis. Prices of capital goods rose by 0.1 percent both in the euro area and in the EU-28, while prices of durable goods grew 0.1 percent 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 increases in industrial producer prices were recorded in Greece (+1.3%), Ireland (+0.8%) and Denmark (+0.7%). The largest decreases were observed in Portugal (-1.5%), Spain (-1.4%) and Luxembourg (-0.6%), on month-on-month basis.
In February this year as compared to February 2016, prices in the energy sector rose by 11.4 percent in the euro area and were up by 15.7 percent in the EU-28. Prices of intermediate goods increased by 3.3 percent both in the euro area and in the EU-28, and the prices of non-durable goods increased by 1.9 percent in the euro area, while the prices of non-durable goods rose by two percent in the EU-28, all year on year. Prices of capital goods moved up by 0.8 percent in the euro area and by 1.1 percent in the EU-28, while the prices of durable goods increased by 0.7 percent in the euro area and by 0.9 percent in the EU-28, all on year-on-year basis.
Among member states for which data are available, the largest year-on-year increases were recorded in Belgium (+14.8%), the Netherlands (+11.0%) and the United Kingdom (+10.3%). The only year-on-year decrease were observed in Luxembourg (-3.1%).