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Home News Europe Industrial Producer Prices up by 0.3% in Euro Area in September 2011


Industrial Producer Prices up by 0.3% in Euro Area in September 2011
added: 2011-11-08

In September 2011 compared with August 2011, the industrial producer price index rose by 0.3% in the euro area (EA17) and by 0.4% in the EU27. In August prices fell by 0.2% in both zones. In September 2011 compared with September 2010, industrial producer prices gained 5.8% in the euro area and 6.9% in the EU27.

Monthly comparison

In September 2011, compared with the previous month, prices in total industry excluding the energy sector increased by 0.1% in both the euro area and the EU27. Prices in the energy sector rose by 1.0% and 1.3% respectively. Durable consumer goods gained 0.4% in the euro area and 0.3% in the EU27. Non-durable consumer goods increased by 0.1% and 0.2% respectively. Capital goods remained stable in the euro area and rose by 0.1% in the EU27. Intermediate goods remained stable in both zones.

Among the Member States for which data are available, the highest increases in the total index were recorded in Hungary (+1.7%), Cyprus (+1.1%), Lithuania and the United Kingdom (both +1.0%), and the lowest in Ireland and Malta (both +0.1%). Decreases were observed in Sweden (-0.8%), Finland (-0.2%) and Latvia (-0.1%), while prices remained stable in Slovenia.

Annual comparison

In September 2011 compared with September 2010, prices in total industry excluding the energy sector increased by 3.6% in the euro area and by 3.9% in the EU27. Prices in the energy sector gained 12.2% and 14.3% respectively. Intermediate goods rose by 5.0% in the euro area and by 5.3% in the EU27. Non-durable consumer goods increased by 3.5% and 4.1% respectively. Durable consumer goods gained 2.5% in the euro area and 2.4% in the EU27. Capital goods rose by 1.5% and 1.6% respectively.

Among the Member States for which data are available, the largest increases in the total index were observed in the United Kingdom (+13.2%), Lithuania (+12.2%) and Latvia (+9.3%), and the smallest in Malta (+0.9%) and Slovakia (+2.6%). The only decrease was recorded in Sweden (-0.3%).


Source: Eurostat

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