According to the report released by Eurostat, the Statistical Office of the European Communities, in July this year industrial producer prices declined by 0.1 percent in the euro area and 0.2 percent in the European Union member states (EU-28) month on month. In July of the current year as compared to July 2013, industrial producer prices fell by 1.1 percent the euro area and 1.3 percent in EU-28.
In July this year compared with June, prices in overall industry excluding the energy sector remained stable in both the euro area and the EU-28. The prices of capital goods, durable consumer goods, intermediate goods and non-durable goods remained stable in both zones, all month on month. Meanwhile, the prices of energy decreased by 0.6 percent in the euro area and by 0.9 percent in the EU-28, both on month-on-month basis.
In the given month, among the member states for which data are available, the largest month-on-month increases in industrial producer prices were recorded in Estonia (+1.7%) and Cyprus (+1.1%), while the largest decreases were registered in Belgium (-0.9%), Denmark (-0.8%), Greece (-0.7%) and the United Kingdom (-0.6).
In July of the current year as compared to July 2013, prices in overall industry excluding the energy sector decreased by 0.1 percent in the euro area, while remaining stable in the EU-28. Prices in the energy sector fell by 3.5 percent in the euro area and 4.4 percent in the EU-28. Prices of intermediate goods decreased by 0.7 percent in the euro area and by 0.6 percent in the EU-28, year on year. Prices of capital goods rose by 0.4 percent and prices of non-durable goods increased by 0.1 percent both in the euro area and in the EU-28, while prices of durable consumer goods rose by one percent in the euro area and increased by 0.8 percent in the EU-28, all year on year.
Among member states for which data are available, the largest year-on-year increases in the overall index were observed in Latvia, Sweden and Romania (all +0.2%), while the largest decreases were seen in Belgium (-5.7%), Lithuania (-4.8%) and Slovakia (-2.9%).
