Compared with July, August industrial producer prices were up 0.3 percent in the euro area (EA19) and up 0.4 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July, prices were stable in the euro and increased 0.1 percent in EU28.
In August 2017, compared with August 2016, industrial producer prices rose by 2.5 percent in the euro area and by 2.9 percent in the EU28.
The 0.3 percent increase in industrial producer prices in total industry in the euro area in August 2017, compared with July 2017, is due to rises of 0.7 percent in the energy sector, of 0.2 percent for intermediate goods and of 0.1 percent for both durable and non-durable consumer goods, while prices remained stable for capital goods. Prices in total industry excluding energy rose by 0.1 percent.
In the EU28, the 0.4 percent increase is due to rises of 1.1 percent in the energy sector, of 0.2 percent for intermediate goods and of 0.1 percent for capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy rose by 0.1 percent.
The highest increases in industrial producer prices were observed in Hungary, Slovakia and the United Kingdom (all +0.9 percent) as well as in Belgium (+0.8 percent), while a price decrease was observed in Sweden (-0.2 percent).
The 2.5 percent increase in industrial producer prices in total industry in the euro area in August 2017, compared with August 2016, is due to rises of 3.4 percent in the energy sector, of 3.0 percent for intermediate goods, of 2.5 percent for non-durable consumer goods, of 1.0 percent for capital goods and of 0.5 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.2 percent.
In the EU28, the 2.9 percent price increase is due to rises of 4.6 percent in the energy sector, of 3.1 percent for intermediate goods, of 2.8 percent for non-durable consumer goods, of 1.1 percent for capital goods and of 0.9 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.4 percent.
Industrial producer prices rose in all member states. The largest increases were recorded in Belgium (+7.2 percent), Bulgaria (+5.9 percent), Estonia (+5.7 percent) and the United Kingdom (+5.1 percent).
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