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Home News Europe Industrial Producer Prices Down by 0.3% in Euro Area - January 2014


Industrial Producer Prices Down by 0.3% in Euro Area - January 2014
added: 2014-03-06

In January 2014, compared with December 2013, industrial producer prices fell by 0.3% in the euro area (EA18) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2013 prices increased by 0.2% in both zones.

In January 2014, compared with January 2013, industrial producer prices decreased by 1.4% in the euro area and by 1.2% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.3% decrease in industrial producer prices in total industry in the euro area in January 2014, compared with December 2013, is due to falls of 1.4% in the energy sector and of 0.1% for non-durable consumer goods, while prices increased by 0.1% for intermediate goods, by 0.2% for capital goods and by 0.4% for durable consumer goods. Prices in total industry excluding energy rose by 0.1%.

In the EU28, the 0.4% decrease is due to the fall of 1.7% in the energy sector, while prices remained stable for non-durable consumer goods. Prices rose by 0.2% for intermediate goods and by 0.3% for both capital goods and durable consumer goods. Prices in total industry excluding energy increased by 0.2%.

The largest decreases in industrial producer prices were observed in the Czech Republic and Spain (both -1.3%), Lithuania (-0.8%), France and Slovakia (both -0.6%) and the United Kingdom (-0.5 %), and the highest increases in Estonia (+1.1%) and Latvia (+1.0%).

Annual comparison by main industrial grouping and by Member State

The 1.4% decrease in industrial producer prices in total industry in the euro area in January 2014, compared with January 2013, is due to falls of 3.8% in the energy sector and of 1.7% for intermediate goods, while prices rose by 0.5% for capital goods, by 0.6% for non-durable consumer goods and by 0.8% for durable consumer goods. Prices in total industry excluding energy fell by 0.4%.

In the EU28, the 1.2% decrease is due to falls of 3.6% in the energy sector and of 1.5% for intermediate goods, while prices rose by 0.7% for both capital goods and durable consumer goods and by 0.8% for non-durable consumer goods. Prices in total industry excluding energy decreased by 0.2%.

The largest decreases in industrial producer prices were observed in Cyprus (-4.8%), Belgium (-3.9%), Lithuania (-3.7%) and Slovakia (-2.7%). The only increases were observed in Ireland (+2.1%), Latvia (+0.5%), Estonia (+0.3%) and Sweden (+0.1%), while prices remained stable in Malta and the United Kingdom.


Source: Eurostat

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