October 2017 Industrial producer prices up by 0.4% in both Euro Area and EU28

In October 2017, compared with September 2017, industrial producer prices rose by 0.4 % in both the Euro Area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2017, prices increased by 0.5 % in both zones

In October 2017, compared with October 2016, industrial producer prices rose by 2.5% in the Euro area and by 2.6 % in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.4% increase in industrial producer prices in total industry in the euro area in October 2017, compared with September 2017, is due to rises of 1.3% in the energy sector and of 0.3% for intermediate goods, while prices remained stable for both capital and durable consumer goods and fell by 0.2% for non-durable consumer goods. Prices in total industry excluding energy rose by 0.2%.

Monthly comparison by main industrial grouping and by Member State

The 0.4 % increase in industrial producer prices in total industry in the euro area in October 2017, compared with September 2017, is due to rises of 1.3 % in the energy sector and of 0.3 % for intermediate goods, while prices remained stable for both capital and durable consumer goods and fell by 0.2% for non-durable consumer goods. Prices in total industry excluding energy rose by 0.2 %.

In the EU28, the 0.4 % increase is due to rises of 1.2 % in the energy sector and of 0.3 % for intermediate goods, while prices remained stable for both capital and durable consumer goods and fell by 0.1 % for non-durable consumer goods. Prices in total industry excluding energy rose by 0.1 %.

The highest increases in industrial producer prices were observed in Belgium (+2.4 %), Ireland (+1.5 %), Romania (+1.0 %) and Spain (+0.8 %), while decreases were observed in Denmark (-1.5 %), Cyprus and Latvia (both -0.5 %) and Estonia (-0.4 %).

Annual comparison by main industrial grouping and by Member State

The 2.5 % increase in industrial producer prices in total industry in the euro area in October 2017, compared with October 2016, is due to rises of 3.5 % for intermediate goods, of 3.1 % in the energy sector, of 1.9 % for non-durable consumer goods, of 0.9% for capital goods and of 0.6 % for durable consumer goods. Prices in total industry excluding energy rose by 2.3 %.

In the EU28, the 2.6 % price increase is due to rises of 3.6 % for intermediate goods, of 3.5 % in the energy sector, of 2.3 % for non-durable consumer goods and of 0.9 % for both capital and durable consumer goods. Prices in total industry excluding energy rose by 2.5 %.

Industrial producer prices rose in all Member States, with the largest increases recorded in Belgium (+6.9 %), Bulgaria (+5.5 %), Poland (+4.5 %), Hungary (+4.4 %) and Ireland (+4.3 %).

The index of producer prices shows (in the national currency of the country concerned) changes in the ex-works sale prices of all products sold on the domestic market, excluding imports. Euro area and EU indices refer to overall weighted price changes. The figures are not calendar day or seasonally adjusted.

http://ec.europa.eu/eurostat