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Industrial Producer Prices up by 0.5% in Euro Area in July 2011
added: 2011-09-05

In July 2011 compared with June 2011, the industrial producer price index rose by 0.5% in the euro area (EA17) and by 0.4% in the EU27. In June prices remained stable in both zones.

In July 2011 compared with July 2010, industrial producer prices gained 6.1% in the euro area and 7.0% in the EU27.

These figures come from Eurostat, the statistical office of the European Union.

Monthly changes

In July 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 1.5% and 1.3% respectively. In both zones, non-durable consumer goods gained 0.2%. Intermediate goods increased by 0.2% in the euro area and by 0.1% in the EU27. Durable consumer goods remained stable in the euro area and rose by 0.3% in the EU27. Capital goods fell by 0.1% in the euro area and remained stable in the EU27.

Among the Member States for which data are available, the highest increases in the total index were observed in Cyprus (+2.0%), Lithuania (+1.4%) and Hungary (+1.2%). The largest decreases were recorded in Denmark (-0.8%), Belgium (-0.4%) and Sweden (-0.3%).

Annual changes

In July 2011 compared with July 2010, prices in total industry excluding the energy sector increased by 4.1% in the euro area and by 4.3% in the EU27. Prices in the energy sector gained 11.9% and 13.8% respectively. In both zones, intermediate goods rose by 6.3%. Non-durable consumer goods increased by 3.6% in the euro area and by 4.1% in the EU27. In both zones, durable consumer goods rose by 1.8% and capital goods by 1.4%.

Among the Member States for which data are available, the largest increases in the total index were observed in the United Kingdom (+12.6%), Lithuania (+10.7%) and Latvia (+9.0%), and the smallest in Malta and Sweden (both +1.0%) and Slovakia (+2.0%).


Source: Eurostat

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