In December 2016, compared with November 2016, industrial producer prices rose by 0.7 percent in the euro area (EA19) and by 0.9 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November 2016 prices increased by 0.3 percent in the euro area and by 0.2 percent in the EU28.
In December 2016, compared with December 2015, industrial producer prices rose by 1.6 percent in the euro area and by 2.4 percent in the EU28.
The average industrial producer price for the year 2016, compared with 2015, decreased by 2.3 percent in the euro area and by 1.9 percent in the EU28.
The 0.7 percent increase in industrial producer prices in total industry in the euro area in December 2016, compared with November 2016, is due to rises of 2.1 percent in the energy sector, of 0.4 percent for both intermediate goods and non-durable consumer goods and of 0.1 percent for capital goods, while prices remained stable for durable consumer goods. Prices in total industry excluding energy rose by 0.3 percent.
In the EU28, the 0.9 percent increase is due to rises of 2.7 percent in the energy sector, of 0.4 percent for intermediate goods, of 0.3 percent for non-durable consumer goods and of 0.1 percent for both capital goods and durable consumer goods. Prices in total industry excluding energy rose by 0.3 percent.
The highest increases in industrial producer prices were registered in Greece (+2.7 percent), the Netherlands (+2.1 percent), Croatia (+1.8 percent), Belgium and Portugal (both +1.7 percent), while decreases were observed in Estonia (-0.6 percent), Ireland (-0.5 percent) and Denmark (-0.2 percent).
The 1.6 percent increase in industrial producer prices in total industry in the euro area in December 2016, compared with December 2015, is due to rises of 3.9 percent in the energy sector, of 1.2 percent for non-durable consumer goods, of 0.8 percent for both intermediate goods and durable consumer goods and of 0.6 percent for capital goods. Prices in total industry excluding energy rose by 0.9 percent.
In the EU28, the 2.4 percent price increase is due to rises of 7.2 percent in the energy sector, of 1.3 percent for non-durable consumer goods, of 1 percent for both intermediate goods and capital goods and of 0.9 percent for durable consumer goods. Prices in total industry excluding energy rose by 1.1 percent.
The largest increases in industrial producer prices were registered in Belgium (+8 percent), the United Kingdom (+7.2 percent) and the Netherlands (+5.5 percent), while decreases were observed in Luxembourg (-6.1 percent), Slovakia (-1.8 percent), Latvia (-1.5 percent), the Czech Republic and Slovenia (both -0.3 percent).
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