Euro area industrial producer prices up 0.2 percent in Sept from Aug

According to the report released by Eurostat, the Statistical Office of the European Communities, in September this year industrial producer prices increased by 0.2 percent in the euro area and by 0.1 percent in the European Union member states (EU-28) month on month. In September of the current year as compared to September 2013, industrial producer prices fell by 1.4 percent in the euro area and by 1.6 percent in the EU-28.
 
In September this year compared with August, prices in overall industry excluding the energy sector decreased by 0.1 percent in both the euro area and the EU-28. The prices of durable consumer goods increased by 0.1 percent, the prices of non-durable goods decreased by 0.3 percent and the prices of intermediate goods declined by 0.1 percent in both zones, all month on month. The prices of capital goods increased by 0.1 percent in the euro area and remained stable in the EU-28, both on month-on-month basis. Meanwhile, the prices of energy increased by one percent in the euro area and rose by 0.6 percent in the EU-28.
 
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 (+1.1%) and Denmark, Spain, France and the Netherlands (all +0.5%), while the largest decreases were registered in the UK (-0.4%), the Czech Republic (-0.3%) and Lithuania, Poland and Portugal (all -0.2%).
 
In September of the current year as compared to September 2013, prices in overall industry excluding the energy sector decreased by 0.2 percent in the euro area, while declining by 0.1 percent in the EU-28. Prices in the energy sector fell by 4.3 percent in the euro area and by 5.4 percent in the EU-28. Prices of intermediate goods decreased by 0.5 percent in the euro area and by 0.4 percent in the EU-28, year on year. Prices of capital goods rose by 0.5 percent in the euro area and by 0.6 percent in the EU-28, while the prices of non-durable goods decreased by 0.5 percent in the euro area and were down 0.6 percent in the EU-28, all year on year. Meanwhile, the prices of durable consumer goods rose by one percent in the euro area and increased by 0.8 percent in the EU-28, year on year.
 
Among member states for which data are available, the year-on-year increases in the overall index were observed in Romania (+0.4%), Latvia (+0.2%) and Greece (+0.1%), while the largest decreases were seen in Lithuania (-5.6%), and in Belgium and Slovakia (both -3.9%).