According to the report released by Eurostat, the Statistical Office of the European Communities, in January this year industrial producer prices rose 0.4 percent both in the euro area and in the European Union member states (EU-28), month on month. As compared to January 2017, in January 2018 industrial producer prices rose by 1.5 percent in the euro area and by 1.9 percent in the EU-28.
In January this year compared with December, prices in the energy sector increased by 0.3 percent in the euro area and by one percent in the EU-28. Prices of intermediate goods rose by 0.6 percent in the euro area and by 0.7 percent in the EU-28, month on month. Prices of non-durable goods decreased by 0.1 percent both in the euro area and in the EU-28, on month-on-month basis. Prices of capital goods increased by 0.4 percent both in the euro area and in the EU-28, while prices of durable goods moved up by 0.4 percent in the euro area and by 0.3 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 increases in industrial producer prices were recorded in Estonia (+2.9%), Portugal (+1.5%), Romania (+1.3%) and Denmark, Latvia and Slovakia (all +1.1%). The only price decrease was observed in Ireland (-0.4%), on month-on-month basis.
In January this year as compared to January 2017, prices in the energy sector rose by 0.5 percent in the euro area and were up by 1.9 percent in the EU-28. Prices of intermediate goods increased by 2.8 percent in the euro area and by three percent in the EU-28, and the prices of non-durable goods rose by 1.1 percent in the euro area and by 1.2 percent in the EU-28, all year on year. Prices of capital goods moved up by 1.1 percent both in the euro area and in the EU-28, while the prices of durable goods increased by 1.1 percent in the euro area and by 1.2 percent in the EU-28, all on year-on-year basis.
In the given month, the largest increases were recorded in Bulgaria (+5.6%), the UK (+4.1%), Belgium (+3.8%), Latvia (+3.6%) and Hungary (+3.5%).