According to the report released by Eurostat, the Statistical Office of the European Communities, in July this year industrial producer prices rose by 0.2 percent in the euro area and by 0.3 percent in the European Union member states (EU-28), month on month. On year-on-year basis, in July this year industrial producer prices were up by 0.2 percent in the euro area and by 0.6 percent in the EU-28.
In July, compared with June, prices in the energy sector increased by one percent in the euro area and by 1.3 percent in the EU-28. Prices of intermediate goods decreased by 0.3 percent both in the euro area and in the EU-28. Prices of durable goods remained stable in the euro area and rose by 0.1 percent in the EU-28. Prices of non-durable goods remained stable both in the euro area and the EU-28. Prices of capital goods rose by 0.1 percent in the euro area and by 0.2 percent 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 Belgium (-1.0%), the Netherlands (-0.4%) and Latvia (-0.3%), while increases were observed in Cyprus (+1.7%), Bulgaria (+1.5%) and Finland (+1.4%).
In July, compared with July 2018, prices in the energy sector fell by 1.7 percent in the euro area and by one percent in the EU-28. Prices of intermediate goods fell by 0.2 percent in the euro area and rose by 0.2 percent in the EU-28, year on year. Prices of durable goods increased by 1.4 percent in the euro area and by 1.5 percent in the EU-28, while prices of non-durable goods rose by one 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 Romania (+6.2%), Bulgaria (+4.0%), and Latvia (+4.0%), while decreases were observed in Denmark (-3.0%), Portugal (-1.3%) and Spain and Italy (both -0.8%).