Euro area industrial producer prices up 0.1% in Feb from Jan level

Tuesday, 10 April 2018 11:07:28 (GMT+3)   |   Istanbul
       

According to the report released by Eurostat, the Statistical Office of the European Communities, in February this year industrial producer prices rose 0.1 percent in the euro area and remained stable in the European Union member states (EU-28), month on month. As compared to February 2017, in February 2018 industrial producer prices rose by 1.6 percent in the euro area and by 1.8 percent in the EU-28.

In February this year compared with January, prices in the energy sector decreased by 0.2 percent in the euro area and by 0.8 percent in the EU-28. Prices of intermediate goods rose by 0.3 percent both in the euro area and in the EU-28, month on month. Prices of durable goods and non-durable goods remained stable in the euro area, but prices of durable goods rose by 0.1 percent in the EU-28, while prices of non-durable goods decreased by 0.1 percent in the EU-28, on month-on-month basis. Prices of capital goods increased by 0.1 percent both in the euro area and in the EU-28, month-on-month.

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 Estonia (+2.2%), Denmark (+1.4%), Slovakia (+1.0%), and Latvia (+0.7%), while the largest price decreases were observed in Greece (-1.1%), the UK (-0.7) and Lithuania (-0.6%) on month-on-month basis.

In February this year as compared to February 2017, prices in the energy sector rose by two percent in the euro area and were up by 2.3 percent in the EU-28. Prices of intermediate goods increased by 2.4 percent in the euro area and by 2.6 percent in the EU-28, and the prices of non-durable goods rose by 0.9 percent in the euro area and by 1.2 percent in the EU-28, all year on year. Prices of capital goods moved up by one percent both in the euro area and in the EU-28, while the prices of durable goods increased by one percent in the euro area and by 1.2 percent in the EU-28, all on year-on-year basis.

Among member states for which data are available, industrial producer prices rose in four member states on year-on-year basis, with the increases recorded in Estonia (+5.4%),  Bulgaria (+4.4%), Latvia (+3.8%) and Hungary (+3.6%).

 


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