According to the report released by Eurostat, the Statistical Office of the European Communities, in September this year industrial producer prices rose by 0.1 percent both in the euro area and in the European Union member states (EU-28), month on month. On year-on-year basis, in September this year industrial producer prices were down by 1.2 percent in the euro area and by 0.7 percent in the EU-28.
In September, compared with August, prices in the energy sector increased by 0.5 percent in the euro area and by 0.2 percent in the EU-28. Prices of intermediate goods fell by 0.2 in the euro area and 0.1 percent in the EU-28. Prices of durable goods increased by 0.2 percent in the euro area and 0.1 percent in the EU-28. Prices of non-durable goods increased by 0.1 percent in the euro area and remained stable in the EU-28. Prices of capital goods remained stable 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 decreases in industrial producer prices were recorded in Latvia (-1.3%), Cyprus (-0.8%) and Denmark (-0.7%), while increases were observed in Greece (+1.2%), Hungary (+0.7%) and Belgium and Croatia (both +0.5%).
In September this year, compared with September 2018, prices in the energy sector fell by 6.1 percent in the euro area and by 5.7 percent in the EU-28. Prices of intermediate goods fell by 0.7 percent in the euro area and 0.3 percent in the EU-28, year on year. Prices of durable goods increased by 1.6 percent in the euro area and 1.4 percent in the EU-28, while prices of non-durable goods rose by 1.1 percent in the euro area and by 1.3 percent in the EU-28, on year-on-year basis. Prices of capital goods rose by 1.5 percent in the euro area and by 1.6 percent in the EU-28, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Bulgaria (+4.5%), Romania (+4.2%), and Hungary (+2.4 %), while decreases were observed in Denmark (-4.0%), Spain (-3.3%) and Portugal (-2.7%).