Industrial producer prices increase 2nd smallest in EU

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Malta’s industrial producer prices increase 2nd smallest in EUIn November 2011 compared with November 2010, prices in total industry excluding the energy sector increased by 3.0% in the euro area and by 3.3% in the EU27. Prices in the energy sector gained 12.3% and 13.8% respectively. Non-durable consumer goods rose by 3.6% in the euro area and by 4.2% in the EU27. Intermediate goods increased by 3.5% and 3.8% respectively. Durable consumer goods gained 2.6% in both zones. Capital goods rose by 1.4% in the euro area and by 1.5% in the EU27.

Among the Member States for which data are available, the largest increases in the total index were observed in the United Kingdom (+11.6%), Lithuania (+10.8%) and Latvia (+9.1%), and the smallest in Sweden (+0.1%), Malta (+0.8%) and Slovenia (+2.9%).

In November 2011 compared with October 2011, the industrial producer price index rose by 0.2% in the euro area (EA17) and by 0.3% in the EU27. In October prices increased by 0.1% and 0.2% respectively. In November 2011 compared with November 2010, industrial producer prices gained 5.3% in the euro area and 6.3% in the EU27.

In November 2011, compared with the previous month, prices in total industry excluding the energy sector decreased by 0.1% in the euro area and remained stable in the EU27. Prices in the energy sector rose by 0.9% and 1.0% respectively. In both zones, non-durable consumer goods increased by 0.3% and durable consumer goods by 0.2%. Capital goods remained stable in the euro area and gained 0.1% in the EU27. Intermediate goods fell by 0.4% and 0.3% respectively.

Among the Member States for which data are available, the highest increases in the total index were recorded in Sweden (+1.6%), Ireland, Greece and the United Kingdom (all +0.7%). Decreases were observed in Denmark and Latvia (both -0.4%), Belgium and Slovenia (both -0.2%) and Cyprus (-0.1%). Malta showed no change. 0.0%.

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

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