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Industrial Producer Prices up by 0.8% in Euro Area in December 2010
added: 2011-02-03

In December 2010 compared with November 2010, the industrial producer price index rose by 0.8% in the euro area (EA16) and by 1.1% in the EU27. In November 2010, prices increased by 0.3% and 0.5% respectively.

In December 2010 compared with December 2009, industrial producer prices gained 5.3% in the euro area and 5.9% in the EU27.

The average industrial producer price index for 2010, compared with 2009, increased by 2.9% in the euro area and by 3.4% in the EU27.

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

Monthly changes

In December 2010, compared with the previous month, prices in total industry excluding the energy sector increased by 0.3% in both the euro area and the EU27. Prices in the energy sector rose by 2.2% and 2.9% respectively. Intermediate goods gained 0.5% in the euro area and 0.4% in the EU27. In both zones, non-durable consumer goods increased by 0.4% and capital goods by 0.1%. Durable consumer goods gained 0.1% in the euro area and 0.3% in the EU27.

Among the Member States for which data are available, the highest increases in the total index were recorded in Denmark (+2.9%), Sweden (+2.5%), Finland and the United Kingdom (both +2.4%). The only decrease was observed in Ireland (-0.3%), while prices remained stable in Estonia and Cyprus.

Annual changes

In December 2010 compared with December 2009, prices in total industry excluding the energy sector increased by 3.3% in the euro area and by 3.4% in the EU27. Prices in the energy sector gained 11.3% and 12.2% respectively. In both zones, intermediate goods rose by 6.2%. Non-durable consumer goods increased by 1.7% in the euro area and by 2.0% in the EU27. Durable consumer goods rose by 1.4% and 1.7% respectively. Capital goods gained 0.8% in the euro area and 0.9% in the EU27.

Among Member States for which data are available, the largest increases in the total index were observed in Malta (+15.6%), Bulgaria (+12.0%) and Hungary (+10.9%), and the smallest in Ireland (+2.7%) and Slovenia (+3.5%). The only decrease was observed in Slovakia (-0.8%).


Source: Eurostat

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