Eurostat: industrial producer prices up by 0.4 pct in October 2017 in euro area & EU28

Anca Alexe 05/12/2017 | 11:26

Eurostat estimates show industrial producer prices up by 0.4 percent in October 2017 compared to September 2017, in both euro area and EU28 member states.

This October saw industrial producer prices that were 2.5 percent higher than the same month of 2016 in the euro area, and 2.6 percent higher in the EU28.

In the euro area, the 0.4 percent increase from September to October of this year is due to rises of 1.3 percent in the energy sector and of 0.3 percent for intermediate goods. Prices for capital and durable consumer goods remained stable and those for non-durable consumer goods fell by 0.2 percent.

In the EU28, the energy sector prices rose by 1.2 percent and intermediate goods by 0.3 percent, while as in the euro area prices for capital and durable consumer goods remained stable, with non-durable consumer goods prices falling by 0.1 percent.

The highest increases in industrial producer prices occurred in Belgium (2.4 pct), Ireland (1.5 pct), Romania (1.0 pct) and Spain (0.8 pct).

At the same time, Denmark, Cyprus, Latvia and Estonia saw decreases in industrial producer prices.

In an annual comparison, it can be observed that industrial producer prices rose in all Member States, with the largest increases recorded in Belgium (6.9 pct), Bulgaria (5.5 pct), Poland (4.5 pct) and Ireland (4.3 pct).