According to the report released by Eurostat, the Statistical Office of the European Communities, in January this year industrial producer prices increased by 0.7 percent in the euro area and by 0.8 percent in the European Union member states (EU-28), month on month. As compared to January last year, in January this year industrial producer prices rose by 3.5 percent in the euro area and by 4.3 percent in the EU-28.
In January this year compared with December last year, prices in the energy sector increased by 1.8 percent in the euro area and by 1.9 percent in the EU-28. Prices of intermediate goods grew by 0.8 percent in the euro area and by 0.9 percent in the EU-28, month on month. Prices of non-durable goods rose by 0.3 percent both in the euro area and in the EU-28 on month-on-month basis. Prices of capital goods rose by 0.3 percent both in the euro area and in the EU-28, while prices of durable goods grew 0.3 percent both in the euro area and in the EU-28, all on month-on-month basis.
Industrial producer prices rose in all member states in January, with the largest month-on-month increases in industrial producer prices recorded in Malta (+2.3%), Belgium (+2.1%), Spain (+1.8%) and Portugal (+1.7%).
In January this year as compared to January 2016, prices in the energy sector rose by 9.7 percent in the euro area and were up by 13.8 percent in the EU-28. Prices of intermediate goods increased by 2.1 percent in the euro area and rose by 2.2 percent in the EU-28, and the prices of non-durable goods increased by 1.5 percent in the euro area, while the prices of non-durable goods rose by 1.7 percent in the EU-28, all year on year. Prices of capital goods moved up by 0.8 percent in the euro area and by 1.1 percent in the EU-28, while the prices of durable goods increased by 0.9 percent in the euro area and by one 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 recorded in Belgium (+13.3%), the United Kingdom (+10.0%) and the Netherlands (+8.4%). The largest year-on-year decreases were observed in Luxembourg (-3.1%) and Latvia (-1.3%).