In July 2016, compared with June 2016, industrial producer prices rose by 0.1 percent in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2016 prices increased by 0.8 percent in both zones.
In July 2016, compared with July 2015, industrial producer prices decreased by 2.8 percent in the euro area and by 2.5 percent in the EU28.
The 0.1 percent increase in industrial producer prices in total industry in the euro area in July 2016, compared with June 2016, is due to rises of 0.3 percent for non-durable consumer goods, of 0.2 percent for intermediate goods and of 0.1 percent for both capital goods and durable consumer goods, while prices fell by 0.4 percent in the energy sector. Prices in total industry excluding energy increased by 0.2 percent.
In the EU28, the 0.1 percent increase is due to rises of 0.3 percent for non-durable consumer goods, of 0.2 percent for both intermediate goods and capital goods and of 0.1 percent for durable consumer goods, while prices fell by 0.3 percent in the energy sector. Prices in total industry excluding energy increased by 0.2 percent.
The highest increases in industrial producer prices were observed in Cyprus (+2.2 percent), the United Kingdom (+0.6 percent), Luxembourg (+0.4 percent) and Belgium (+0.3 percent), and the largest decreases in Estonia (-2.3 percent), Denmark (-1.3 percent), the Netherlands (-1.1 percent) and Greece (-1 percent).
The 2.8 percent decrease in industrial producer prices in total industry in the euro area in July 2016, compared with July 2015, is due to price falls of 8.4 percent in the energy sector, of 2.3 percent for intermediate goods and of 0.3 percent for non-durable consumer goods, while prices rose by 0.5 percent for capital goods and by 0.8 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.8 percent.
In the EU28, the 2.5 percent price decrease is due to falls of 7.7 percent in the energy sector, of 1.9 percent for intermediate goods and of 0.2 percent for non-durable consumer goods, while prices rose by 0.8 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.5 percent.
Industrial producer prices fell in nearly all member states, with the largest decreases observed in Greece (-7 percent), the Netherlands (-6.4 percent), Croatia (-5 percent) and Slovakia (-4.7 percent). Industrial producer prices increased only in Malta (+0.9 percent), Denmark (+0.4 percent) and Sweden (+0.1 percent).
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