According to the report released by Eurostat, the Statistical Office of the European Communities, in November last year industrial producer prices rose by 0.2 percent in the euro area and by 0.1 percent in the European Union member states (EU-28), month on month. On year-on-year basis, in November last year industrial producer prices were down by 1.4 percent in the euro area and by one percent in the EU-28.
In November, compared with October, prices in the energy sector increased by 0.9 percent in the euro area and by 0.5 percent in the EU-28. Prices of intermediate goods fell by 0.3 in the euro area and by 0.4 percent in the EU-28. Prices of durable and capital goods remained stable in both areas, while prices of non-durable goods increased by 0.2 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 decreases in industrial producer prices were recorded in Portugal (-0.9%), Spain (-0.6%) and Latvia (-0.5%), while increases were observed in Greece (+3.4%), France (+1.1%) and Sweden (+0.9%).
In November last year, compared with November 2018, prices in the energy sector fell by 6.1 percent in the euro area and by 5.2 percent in the EU-28. Prices of intermediate goods fell by 1.4 percent in the euro area and 1.1 percent in the EU-28, while prices of durable goods increased by 1.6 percent in the euro area and 1.4 percent in the EU-28 year on year. Prices of non-durable goods rose by 1.7 percent in the euro area and by 1.8 percent in the EU-28, on year-on-year basis. Prices of capital goods rose by 1.4 percent in both areas, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Bulgaria (+4.0%), Romania (+3.6%), and Greece and Slovenia (both +2.0%), while decreases were observed in Denmark (-4.8%), Italy (-3.6%), Belgium (-3.2%) and Portugal (-2.7%).