Compared with June, July industrial producer prices were stable in the euro area (EA19) and decreased by 0.1 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June, prices decreased by 0.2 percent in the euro and by 0.3 percent in EU28.
Compared with June 2016, industrial producer prices increased by 2 percent in the euro area and by 2.3 percent in the EU28.
Industrial producer prices in total industry remained stable in the euro area in July 2017, compared with June 2017, as prices increased by 0.2 percent for non-durable consumer goods and by 0.1 percent in the energy sector, while they remained stable for capital goods and durable consumer goods and decreased by 0.1 percent for intermediate goods. Prices in total industry excluding energy rose by 0.1 percent.
In the EU28, the 0.1 percent increase is due to rises of 0.2 percent for non-durable consumer goods and of 0.1 percent in the energy sector, while prices remained stable for capital goods and durable consumer goods and decreased by 0.1 percent for intermediate goods. Prices in total industry excluding energy also rose by 0.1 percent.
The highest increases in industrial producer prices were observed in Bulgaria (+2.4 percent), Estonia (+1.4 percent), Denmark and Sweden (both +0.9 percent), and the largest decreases in Hungary (-1.0 percent), Ireland (-0.7 percent) and Slovakia (-0.6 percent).
The 2.0 percent increase in industrial producer prices in total industry in the euro area in July 2017, compared with July 2016, is due to rises of 2.7 percent for intermediate goods, of 2.4 percent for non-durable consumer goods, of 2.0 percent in the energy sector, of 0.9 percent for capital goods and of 0.5 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.1 percent.
In the EU28, the 2.3 percent price increase is due to rises of 2.8 percent for intermediate goods, the energy sector and non-durable consumer goods, of 1.0 percent for capital goods and of 0.9 percent for durable consumer goods. Prices in total industry excluding energy also rose by 2.3 percent.
Industrial producer prices rose in all member states. The largest increases were recorded in Belgium (+5.9 percent), Estonia (+5.4 percent) and Bulgaria (+5.2 percent).
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