According to Eurostat, the Statistical Office of the European Communities, in October this year industrial producer prices increased by 0.1 percent both in the euro area and in the European Union member states (EU-27), month on month. In September this year, prices had increased by 0.2 percent compared to the previous month in the euro area and by 0.3 percent in the EU-27. In October this year, industrial producer prices gained 2.6 percent in the euro area and 2.5 percent in the EU-27 compared to October 2011.
In October 2012 compared with the previous month, prices in overall industry excluding the energy sector increased by 0.1 in both zones, while the prices in the energy sector decreased by 0.2 percent in the euro area and by 0.3 percent in the EU-27. In October, in both zones prices of non-durable consumer goods rose by 0.2 percent and prices of intermediate goods remained stable, while prices of capital goods remained stable in the euro area and rose by 0.1 percent in the EU-27. In October, prices of durable consumer goods increased by 0.1 in the euro area and by 0.2 percent in the EU-27, month on month.
Among the member states for which data are available, the largest month-on-month increases were recorded in Belgium and in Netherlands (both with +0.8 percent), in Romania (+0.6 percent), in France and United Kingdom (both +0.5 percent), while the largest decreases were recorded in Lithuania (-1.1 percent) and in Greece (-1.0 percent), Poland (-0.6 percent), and in Italy and Finland (both -0.3 percent).
In October 2012 as compared to October 2011, prices in overall industry excluding the energy sector increased by 1.5 in both zones , while prices in the energy sector gained 5.9 percent in the euro area and 5.3 percent in the EU-27. Prices of non-durable consumer goods increased by 2.5 percent in the euro area and rose by 2.6 percent in the EU-27. Durable consumer goods rose by 1.3 in both zones, while capital goods also rose by 0.9 percent in both zones. The prices of intermediate goods increased by 1.3 percent in the euro zone and rose by 1.1 percent in the EU-27, year on year.