In January, compared with December 2016, industrial producer prices rose by 0.7 percent in the euro area (EA19) and by 0.5 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2016 prices increased by 0.8 percent in the euro area and by 0.9 percent in the EU28.
In January 2017, compared with January 2016, industrial producer prices rose by 3.5 percent in the euro area and by 4.3 percent in the EU28.
The 0.7 percent increase in industrial producer prices in total industry in the euro area in January 2017, compared with December 2016, is due to rises of 1.8 percent in the energy sector, of 0.8 percent for intermediate goods and of 0.3 percent for capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy rose by 0.6 percent.
In the EU28, the 0.8 percent increase is due to rises of 1.9 percent in the energy sector, of 0.9 percent for intermediate goods and of 0.3 percent for capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy rose by 0.6 percent.
Industrial producer prices rose in all member states. The largest increases were observed in Malta (+2.3 percent), Belgium (+2.1 percent), Spain (+1.8 percent) and Portugal (+1.7 percent).
The 3.5 percent increase in industrial producer prices in total industry in the euro area in January 2017, compared with January 2016, is due to rises of 9.7 percent in the energy sector, of 2.1 percent for intermediate goods, of 1.5 percent for non-durable consumer goods, of 0.9 percent for durable consumer goods and of 0.8 percent for capital goods. Prices in total industry excluding energy rose by 1.5 percent.
In the EU28, the 4.3 percent price increase is due to rises of 13.8 percent in the energy sector, of 2.2 percent for intermediate goods, of 1.7 percent for non-durable consumer goods, of 1.1 percent for capital goods and of 1 percent for durable consumer goods. Prices in total industry excluding energy rose by 1.8 percent.
The largest increases in industrial producer prices were recorded in Belgium (+13.3 percent), the United Kingdom (+10 percent) and the Netherlands (+8.4 percent), while decreases were observed in Luxembourg (-3.1 percent) and Latvia (-1.3 percent).
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