November Industrial producer prices up in euro area & EU27

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November Industrial producer prices up in euro area & EU27In November 2010 compared with October 2010, the industrial producer price index rose by 0.3% in the euro area (EA16) and by 0.5% in the EU272. In October 2010, prices increased by 0.4% and 0.5% respectively.

In November 2010 compared with November 2009, industrial producer prices gained 4.5% in the euro area and 4.8% in the EU27.

Monthly changes In November 2010, compared with the previous month, prices in total industry excluding the energy sector increased by 0.1% in the euro area and by 0.2% in the EU27. Prices in the energy sector rose by 0.9% and 1.3% respectively. Both intermediate goods and non-durable consumer goods increased by 0.2% in the euro area and by 0.3% in the EU27. Durable consumer goods gained 0.2% and 0.1% respectively. Capital goods fell by 0.1% in both zones.

Among the Member States for which data are available, the highest increases in the total index were recorded in Ireland and Greece (both +1.3%), Bulgaria, Hungary and the United Kingdom (all +1.1%). The only decrease was observed in Cyprus (-0.7%), while prices remained stable in Malta, Slovenia and Slovakia.

In November 2010 compared with November 2009, prices in total industry excluding the energy sector increased by 3.0% in the euro area and by 3.2% in the EU27. Prices in the energy sector gained 8.8% and 8.9% respectively. In both zones, intermediate goods rose by 5.8%. Non-durable consumer goods increased by 1.5% in the euro area and by 1.7% in the EU27. Durable consumer goods rose by 1.4% and 1.5% respectively. Capital goods gained 0.8% in the euro area and 1.0% in the EU27. Among Member States for which data are available, the largest increases in the total index were observed in Malta (+14.8%), Bulgaria (+11.1%) and Hungary (+10.7%), and the smallest in the Czech Republic (+2.7%) and Ireland (+3.0%). The only decrease was observed in Slovakia (-1.1%).

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

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