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Home News Europe Industrial Producer Prices up by 0.7% in Both Euro Area and EU27 in January 2012


Industrial Producer Prices up by 0.7% in Both Euro Area and EU27 in January 2012
added: 2012-03-02

In January 2012, compared with December 2011, the industrial producer price index rose by 0.7% in both the euro area (EA17) and the EU27. In December 2011 prices fell by 0.2% in both zones. In January 2012 compared with January 2011, industrial producer prices gained 3.7% in the euro area and 4.4% in the EU27.

Monthly comparison

In January 2012, compared with the previous month, prices in total industry excluding the energy sector increased by 0.3% in both the euro area and the EU27. Prices in the energy sector rose by 2.2% and 2.1% respectively. Durable consumer goods gained 0.5% in the euro area and 0.3% in the EU27. In both zones, intermediate goods increased by 0.4%. Capital goods increased by 0.3% in the euro area and by 0.2% in the EU27. Non-durable consumer goods rose by 0.2% and 0.3% respectively.

Among the Member States for which data are available, the highest increases in the total index were recorded in Greece (+2.8%), Latvia and Portugal (both +2.3%) and Malta (+1.9%), and the lowest in Slovenia (0.0%), Denmark and the United Kingdom (both +0.3%).

Annual comparison

In January 2012 compared with January 2011, prices in total industry excluding the energy sector increased by 1.9% in the euro area and by 2.3% in the EU27. Prices in the energy sector gained 9.2% and 9.5% respectively. Non-durable consumer goods rose by 3.0% in the euro area and by 3.5% in the EU27. In both zones, durable consumer goods increased by 2.4%. Intermediate goods gained 1.6% in the euro area and 2.0% in the EU27. Capital goods rose by 1.3% and 1.5% respectively.

Among the Member States for which data are available, the largest increases in the total index were observed in Latvia (+10.3%), Lithuania (+9.2%) and Cyprus (+8.7%), and the smallest in Slovenia (+1.9%), Slovakia (+2.5%) and Malta (+2.6%). A decrease was recorded in Sweden (-0.6%).


Source: Eurostat

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