According to the report released by Eurostat, the Statistical Office of the European Communities, in October this year industrial producer prices rose by 0.8 percent in the euro area and increased by 0.7 percent in the European Union member states (EU-28), month on month. As compared to October last year, in October this year industrial producer prices were up by 4.9 percent in the euro area and by 5.4 percent in the EU-28.
In October this year compared with September, prices in the energy sector were up by 2.7 percent in the euro area and rose by 2.6 percent in the EU-28. Prices of intermediate goods grew by 0.1 percent both in the euro area and in the EU-28, month on month. Prices of durable goods increased by 0.1 percent in the euro area, and remained unchanged in the EU-28, while prices of non-durable goods fell by 0.1 percent both in the euro area and in the EU-28, on month-on-month basis. Prices of capital goods rose by 0.2 percent both in the euro area and in the EU-28, compared to the previous month.
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 (+3.6%), Italy (+1.8%), Romania (+1.6%) and Slovakia (1.3%). The largest decreases were observed in Estonia (-0.8%), Latvia (-0.6%), Slovenia (-0.2%) and Cyprus (-0.1%), on month-on-month basis.
In October this year as compared to the same month of the previous year, prices in the energy sector rose by 14.6 percent in the euro area and were up by 17.1 percent in the EU-28. Prices of intermediate goods increased by 2.6 percent in the euro area and by three percent in the EU-28, and the prices of non-durable goods remained stable in the euro area while rising by 0.3 percent in the EU-28, all year on year. Prices of capital goods moved up by 1.2 percent in the euro area and by 1.3 percent in the EU-28, while the prices of durable goods increased by 1.2 percent in the euro area and by 1.5 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 (+10.4%), Denmark (+9.9%), Hungary (+8.4%) and the United Kingdom (+7.7%), while the largest year-on-year decrease was observed in Ireland (-2.7%).