August 2018 compared with July 2018 Industrial producer prices up by 0.3% in both Euro Area and EU28

In August 2018, compared with July 2018, industrial producer prices rose by 0.3 % in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2018, prices increased by 0.7 % in the Euro Area and by 0.5 % in EU28.

In August 2018, compared with August 2017, industrial producer prices rose by 4.2 % in the euro area and by 4.7 % in the EU 28.

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in August 2018, compared with July 2018, rose by 0.9 % in the energy sector, by 0.2 % for durable consumer goods and by 0.1 % for intermediate goods and non-durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, industrial producer prices rose by 1.0 % in the energy sector and by 0.1 % for intermediate goods and durable consumer goods, while prices remained stable for capital goods and non-durable consumer goods. Prices in total industry excluding energy rose by 0.1 %.

Industrial producer prices increased in all Member States for which data are available. The highest increases were observed in Latvia (+2.1 %), Romania (+1.0 %), Denmark (+0.8 %), Belgium and Hungary (both +0.6 %).

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in August 2018, compared with August 2017, rose by 12.0 % in the energy sector, by 3.2 % for intermediate goods and by 1.3% for durable consumer goods, while prices remained stable for non-durable consumer goods. Prices in total industry excluding energy rose by 1.5 %.

In the EU28, industrial producer prices rose by 15.0 % in the energy sector, by 3.4 % for intermediate goods, by 1.6 % for durable consumer goods, by 1.1 % for capital goods and by 0.2 % for non-durable consumer goods. Prices in total industry excluding energy rose by 1.8 %.

The highest increases in industrial producer prices were recorded in Denmark (+10.3 %), Belgium (+9.5 %), Estonia (+9.2 %) and Hungary (+8.4 %), while the only decrease was observed in Ireland (-2.8 %).

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http://ec.europa.eu/eurostat