Industrial Producer Prices Stable In Both Euro Area And EU27

In June 2011 compared with May 2011, the industrial producer price index remained stable in both the euro area (EA17) and the EU27. In May prices fell by 0.2% and 0.3% respectively.

In June 2011 compared with June 2010, industrial producer prices gained 5.9% in the euro area and 6.9% in the EU27.

These figures come from Eurostat, the statistical office of the European Union.

Euro area total industry excl. construction EU27 total industry excl. construction Euro area total industry excl. construction and energy, EU27 total industry excl. construction and energy

Monthly changes

In June 2011, compared with the previous month, prices in total industry excluding the energy sector increased by 0.1% in both the euro area and the EU27. Prices in the energy sector fell by 0.3% and 0.2% respectively. In both zones, capital goods gained 0.2% and intermediate goods 0.1%. Non-durable consumer goods rose by 0.1% in the euro area and by 0.2% in the EU27. Durable consumer goods remained stable in the euro area and gained 0.1% in the EU27.

Among the Member States for which data are available, the highest increases in the total index were observed in Latvia (+1.3%), Cyprus and Romania (both +0.6%) and Slovenia (+0.4%). The largest decreases were recorded in Ireland (-1.2%), Denmark, Hungary and the Netherlands (-0.7% each).

Annual changes

In June 2011 compared with June 2010, prices in total industry excluding the energy sector increased by 4.2% in the euro area and by 4.4% in the EU27. Prices in the energy sector gained 10.7% and 13.0% respectively. Intermediate goods rose by 6.4% in the euro area and by 6.6% in the EU27. Non-durable consumer goods increased by 3.7% and 4.2% respectively. In both zones, durable consumer goods rose by 1.7% and capital goods by 1.4%.

Among Member States for which data are available, the largest increases in the total index were observed in the United Kingdom (+12.7%), Denmark (+10.6%) and Bulgaria (+10.1%), and the smallest in Malta (+0.8%), Hungary and Sweden (both +1.5%).