According to the report released by Eurostat, the Statistical Office of the European Communities, in August this year industrial producer prices increased by 0.1 percent in the euro area and by 0.2 percent in the European Union member states (EU), month on month. On year-on-year basis, in August this year industrial producer prices were down by 2.5 percent in the euro area and by 2.3 percent in the EU.
In August, compared with July, prices in the energy sector were up by 0.3 percent in the euro area and by 0.6 percent in the EU. Prices of capital goods declined by 0.1 percent both in the euro area and in the EU, while prices of durable goods remained stable in the euro area and were up by 0.1 percent in the EU, month on month. In the same month, prices of non-durable goods remained unchanged in the euro area and were up by 0.1 percent in the EU, while prices of intermediate goods rose by 0.1 percent both in the euro area and 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 increases in industrial producer prices were recorded in Estonia (+3.1%), Denmark (+2.2%) and Finland (+1.6%), while the largest decreases were observed in Bulgaria (-0.5%), Slovakia (-0.4%), the Czech Republic, Croatia and Romania (all -0.3%).
In August this year, compared with August 2019, prices in the energy sector declined by 8.7 percent in the euro area and by 8.4 percent in the EU. Prices of intermediate goods decreased by 1.9 percent in the euro area and by 1.7 percent in the EU, while prices of durable goods were up by 1.5 percent in the euro area and by 1.6 percent in the EU, all on year-on-year basis. In the same month, prices of non-durable goods increased by 0.3 percent in the euro area and by 0.6 percent in the EU, year on year. Prices of capital goods rose by 0.8 percent in the euro area and by 0.9 percent in the EU, year on year.
Among member states for which data are available, the largest year-on-year decreases were recorded in Lithuania (-6.8%), Latvia (-5.1%) and Italy (-4.0%), while the only increases were observed in Malta (+1.6%), Hungary (+0.4%) and Slovenia (+0.3%).