November industrial producer prices up by 0.3 % in both Euro Area and EU28
In November 2016, compared with October 2016, 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 October 2016 prices increased by 0.8 % in the euro area and by 1.0 % in the EU28
In November 2016, compared with November 2015, industrial producer prices rose by 0.1 % in the euro area and by 0.7 % in the EU28.
Monthly comparison by main industrial grouping and by Member State
The 0.3 % increase in industrial producer prices in total industry in the Euro Area in November 2016, compared with October 2016, is due to rises of 0.7 % in the energy sector, of 0.5 % for intermediate goods and of 0.1 % for non- durable consumer goods, while prices remained stable for capital goods and fell by 0.1 % for durable consumer goods. Prices in total industry excluding energy rose by 0.2 %.
In the EU28, the 0.3 % increase is due to rises of 0.4 % for intermediate goods and of 0.2 % for both the energy sector and for non-durable consumer goods, while prices remained stable for capital goods and fell by 0.1 % for durable consumer goods. Prices in total industry excluding energy also rose by 0.3 %.
The highest increases in industrial producer prices were observed in Belgium and Ireland (both +1.4 %), Estonia (+1.2 %) and Poland (+1.1 %), and the largest decreases in Croatia (-1.3 %), Greece and the United Kingdom (both -0.7 %).
Annual comparison by main industrial grouping and by Member State
The 0.1 % increase in industrial producer prices in total industry in the euro area in November 2016, compared with November 2015, is due to rises of 0.8 % for durable consumer goods, of 0.7 % for non-durable consumer goods, of 0.5 % for capital goods and of 0.1 % for intermediate goods, while prices decreased by 0.5 % in the energy sector. Prices in total industry excluding energy rose by 0.4 %.
In the EU28, the 0.7 % price increase is due to rises of 1.5 % in the energy sector, of 0.9 % for capital goods, for durable and non-durable consumer goods and of 0.3 % for intermediate goods. Prices in total industry excluding energy also rose by 0.7 %.
The highest increases in industrial producer prices were observed in the United Kingdom (+4.4%), Belgium (+4.1 %) and Sweden (+3.2 %), and the largest decreases in Luxembourg (-6.5 %), Croatia (-2.7 %), Latvia and Slovakia (both -2.6 %).