According to the report released by Eurostat, the Statistical Office of the European Communities, in September 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-28), month on month. As compared to September 2015, in September this year industrial producer prices fell by 1.5 percent in the euro area and by 1.1 percent in the EU-28.
In September of the current year compared with August, prices in the energy sector increased by 0.2 percent in the euro area and by 0.4 percent in the EU-28. Prices of intermediate goods showed zero growth both the euro area and the EU-28, month on month. Prices of non-durable goods grew by 0.1 percent in the euro area and were up 0.2 percent in the EU-28, on month-on-month basis. Prices of capital goods remained stable in both regions and prices of durable goods increased 0.1 percent in both regions, 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 the Netherlands (+2.0 percent), Belgium and Croatia (both +1.5 percent) and Estonia (+0.6 percent). The largest decreases were observed in Germany (-0.2 percent), and in Ireland, Italy, Malta and Sweden (all -0.1 percent), on month-on-month basis.
In September this year as compared to September last year, prices in the energy sector fell by 4.7 percent in the euro area and were down by 3.5 percent in the EU-28. Prices of intermediate goods decreased by 1.4 percent in the euro area and declined by 1.1 percent in the EU-28 and the prices of non-durable goods remained stable in the euro area, while the prices of non-durable goods increased by 0.2 percent in the EU-28, all year on year. Prices of capital goods rose by 0.4 percent in the euro area and by 0.8 percent in the EU-28, while the prices of durable goods increased by 0.9 percent in the euro area and were up by one percent in the EU-28, all on year-on-year.
Among member states for which data are available, prices fell in nearly all member states on year-on-year basis. The largest year-on-year decreases were seen in Luxembourg (-7.1%), the Netherlands (-3.8%), Slovakia (-3.3%) and Greece (-3.2%). The only year-on-year increases were observed in the United Kingdom (+1.8%), Poland and Sweden (both +0.7%) and Malta (+0.4%).