Industrial producer price increase one of smallest in the EU

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Industrial producer price increase one of smallest in the EUIn July 2012, compared with June 2012, the industrial producer price index rose by 0.4% in both the euro area (EA17) and the EU27.

In June prices fell by 0.5% and 0.8% respectively. In July 2012 compared with July 2011, industrial producer prices gained 1.8% in the euro area and 1.5% in the EU27.

Malta had the second smallest annual increase in the total index at (+0.7%) behind Austria at (+0.2%).

In July 2012, compared with the previous month, prices in total industry excluding the energy sector rose by 0.1% in the euro area and remained stable in the EU27. Prices in the energy sector increased by 1.6% and 1.3% respectively. In both zones, durable consumer goods and non-durable consumer goods gained 0.2% while capital goods remained stable. Intermediate goods fell by 0.1% in the euro area and by 0.2% in the EU27.

Among the Member States for which data are available, the highest increases in the total index were recorded in Greece (+2.1%), Bulgaria (+1.9%) and Lithuania (+1.5%), and the largest decreases in Denmark (-1.6%), Ireland and Sweden (both -0.8%). Malta stood at 0.1%.

In July 2012 compared with July 2011, prices in total industry excluding the energy sector increased by 0.9% in the euro area and by 1.0% in the EU27. Prices in the energy sector gained 4.8% and 2.8% respectively. Non-durable consumer goods rose by 2.1% in the euro area and by 2.3% in the EU27. Durable consumer goods increased by 1.9% and 1.8% respectively. Capital goods increased by 1.0% in the euro area and by 1.1% in the EU27. Intermediate goods remained stable in the euro area and rose by 0.1% in the EU27.

Among the Member States for which data are available, the largest increases in the total index were observed in Cyprus (+6.9%), Hungary (+6.1%), Bulgaria and Romania (both +4.5%), and the smallest in Austria (+0.2%) and Malta (+0.7%). Decreases were recorded in Denmark (-0.9%), Sweden (-0.8%) and the United Kingdom (-0.3%).

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

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