ISSN 2330-717X

Industrial Producer Prices Up By 0.8% In Both Euro Area And EU27

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In February 2011 compared with January 2011, the industrial producer price index rose by 0.8% in both the euro area (EA17) and the EU27, according to Eurostat, the statistical office of the European Union. In January prices increased by 1.3% and 1.2% respectively.

In February 2011 compared with February 2010, industrial producer prices gained 6.6% in the euro area and 7.1% in the EU27.

Monthly changes

In February 2011, compared with the previous month, prices in total industry excluding the energy sector increased by 0.6% in the euro area and by 0.5% in the EU27. Prices in the energy sector rose by 1.2% and 1.3% respectively. Intermediate goods gained 1.0% in the euro area and 0.9% in the EU27.

Non-durable consumer goods increased by 0.5% and 0.4% respectively. Durable consumer goods rose by 0.2% in the euro area and by 0.3% in the EU27. Capital goods gained 0.2% in both zones.

Among the Member States for which data are available, the highest increases in the total index were recorded in Lithuania (+2.0%), Belgium and Denmark (both +1.9%), Greece (+1.3%) and Finland (+1.2%). Decreases were observed in Slovakia (-0.3%), Sweden (-0.2%) and Estonia (-0.1%), while prices remained stable in Cyprus.

Annual changes

In February 2011 compared with February 2010, prices in total industry excluding the energy sector increased by 4.5% in both the euro area and the EU27. Prices in the energy sector gained 12.8% and 13.2% respectively. Intermediate goods rose by 8.1% in the euro area and by 8.0% in the EU27. Non-durable consumer goods increased by 2.6% and 3.0% respectively.

Durable consumer goods rose by 1.8% in the euro area and by 2.0% in the EU27. Capital goods gained 1.2% in the euro area and 1.3% in the EU27.

Among Member States for which data are available, the largest increases in the total index were observed in Bulgaria (+12.5%), the Netherlands (+10.3%), Belgium (+10.2%) and the United Kingdom (+9.9%), and the smallest in Malta (+0.8%), Sweden (+0.9%) and Slovakia (+3.4%).

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