According to the report released by Eurostat, the Statistical Office of the European Communities, in October 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 October last year, in October this year industrial producer prices rose by 2.5 percent in the euro area and by 2.6 percent in the EU-28.
In October this year compared with September, prices in the energy sector increased by 1.3 percent in the euro area and by 1.2 percent in the EU-28. Prices of intermediate goods rose by 0.3 percent both in the euro area and in the EU-28, month on month. Prices of non-durable goods declined by 0.2 percent in the euro area and moved down by 0.1 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 also remained stable 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 increases in industrial producer prices were recorded in Belgium (+2.4%), Ireland (+1.3%), Romania (+1%) and Spain (+0.8%). A price decrease was observed in Denmark (-1.5%), Cyprus and Latvia (both -0.5 percent) and Estonia (-0.4 percent) on month-on-month basis.
In October this year as compared to October 2016, prices in the energy sector rose by 3.1 percent in the euro area and were up by 3.5 percent in the EU-28. Prices of intermediate goods increased by 3.5 percent in the euro area and 3.6 percent in the EU-28, and the prices of non-durable goods rose by 0.6 percent in the euro area and by 0.9 percent in the EU-28, all year on year. Prices of capital goods moved up by 0.9 percent both in the euro area and the EU-28, while the prices of durable goods increased by 0.6 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, industrial producer prices rose in all member states on year-on-year basis, with the largest increases recorded in Belgium (+6.9%), Bulgaria (+5.5%), Poland (+4.5%), Hungary (+4.4%) and Ireland (+4.3%).