According to the report released by Eurostat, the Statistical Office of the European Communities, in October this year industrial producer prices increased by 0.8 percent in the euro area and by one percent in the European Union member states (EU-28), month on month. As compared to October 2015, in October this year industrial producer prices fell by 0.4 percent in the euro area and rose by 0.2 percent in the EU-28.
In October of the current year compared with September, prices in the energy sector increased by 2.6 percent in the euro area and by 3.5 percent in the EU-28. Prices of intermediate goods grew by 0.1 percent in the euro area and by 0.2 percent the EU-28, month on month. Prices of non-durable goods grew by 0.3 percent in both regions on month-on-month basis. Prices of capital goods remained stable in the euro area and increased by 0.2 percent in the EU-28, while prices of durable goods showed a 0.1 percent growth 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 Estonia (+3.3%), the Netherlands (+2.7%) and Belgium (+2.5%). The largest decreases were observed in Latvia (-0.8%) and in Italy, Luxembourg and Slovenia (all -0.2%), on month-on-month basis.
In October this year as compared to October last year, prices in the energy sector fell by 1.5 percent in the euro area and were up by 0.5 percent in the EU-28. Prices of intermediate goods decreased by 0.8 percent in the euro area and declined by 0.5 percent in the EU-28 and the prices of non-durable goods increased by 0.5 percent in the euro area while the prices of non-durable goods rose by 0.7 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 one percent in both regions, all on year-on-year basis.