According to the report released by Eurostat, the Statistical Office of the European Communities, in November last year industrial producer prices increased by 0.3 percent both in the euro area and in the European Union member states (EU-28), month on month. As compared to November 2015, in November last year industrial producer prices rose by 0.1 percent in the euro area and by 0.7 percent in the EU-28.
In November last year compared with October 2016, prices in the energy sector increased by 0.7 percent in the euro area and by 0.2 percent in the EU-28. Prices of intermediate goods grew by 0.5 percent in the euro area and by 0.4 percent in the EU-28, month on month. Prices of non-durable goods rose by 0.1 percent in the euro area and by 0.2 percent in the EU-28 on month-on-month basis. Prices of capital goods remained stable both in the euro area and in the EU-28, while prices of durable goods showed a 0.1 percent drop 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 Belgium and Ireland (both +1.4%), Estonia (+1.2%) and Poland (+1.1%). The largest decreases were observed in Croatia (-1.3%) and Greece and the United Kingdom (both -0.7%), on month-on-month basis.
In November 2016 as compared to November 2015, prices in the energy sector fell by 0.5 percent in the euro area and were up by 1.5 percent in the EU-28. Prices of intermediate goods increased by 0.1 percent in the euro area and rose by 0.3 percent in the EU-28 and the prices of non-durable goods increased by 0.7 percent in the euro area, while the prices of non-durable goods rose by 0.9 percent in the EU-28, all year on year. Prices of capital goods rose by 0.5 percent in the euro area and by 0.9 percent in the EU-28, while the prices of durable goods increased by 0.8 percent in the euro area and by 0.9 percent in the EU-28, all on year-on-year basis.
Among member states for which data are available, the largest year-on-year increases were seen in the United Kingdom (+4.4%), Belgium (+4.1%) and Sweden (+3.2%). The largest year-on-year decreases were observed in Luxembourg (-6.5%), Croatia (-2.7%) and Latvia and Slovakia (both -2.6%).