In April 2017, compared with March 2017, industrial producer prices remained stable in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March 2017 prices fell by 0.3 percent in the euro area and by 0.2 percent in the EU28. In April 2017, compared with April 2016, industrial producer prices rose by 4.3 percent in the euro area and by 4.8 percent in the EU28.
Prices in the EU28 remained stable due to rises of 0.4 percent for non-durable consumer goods, of 0.3 percent for durable consumer goods, of 0.2 percent for intermediate goods and of 0.1 percent for capital goods, while prices fell by 0.4 percent in the energy sector. Prices in total industry excluding energy rose by 0.2 percent.
The highest increases in industrial producer prices were observed in Bulgaria (+1.3 percent), Greece (+0.6 percent), Latvia and the United Kingdom (both +0.5 percent), and the largest decreases in Ireland (-0.9 percent), Sweden (-0.7 percent), France and Slovakia (both -0.6 percent).
The 4.3 percent increase in industrial producer prices in total industry in the euro area in April 2017, compared with April 2016, is due to rises of 9.1 percent in the energy sector, of 4.0 percent for intermediate goods, of 2.4 percent for non-durable consumer goods, of 0.9 percent for capital goods and of 0.7 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.5 percent.
In the EU28, the 4.8 percent price increase is due to rises of 11.8 percent in the energy sector, of 4.0 percent for intermediate goods, of 2.6 percent for non-durable consumer goods, of 1.2 percent for capital goods and of 1.1 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.8 percent.
The largest increases in industrial producer prices were recorded in Belgium (+12.8 percent), the Netherlands (+8.7 percent) and the United Kingdom (+8.1 percent), while a price decrease was observed in Luxembourg (-2.7 percent).
