February 2018 compared with January 2018 – Industrial producer prices up by 0.1% in euro area – Stable prices in the EU28

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http://maltawinds.com/2018/04/08/february-2018-compared-with-january-2018-industrial-producer-prices-up-by-0-1-in-euro-area-stable-prices-in-the-eu28/

In February 2018, compared with January 2018, industrial producer prices rose by 0.1% in the euro area (EA19) and remained stable in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January 2018, prices increased by 0.4% in both zones.

In February 2018, compared with February 2017, industrial producer prices rose by 1.6% in the euro area and by 1.8% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.1% increase in industrial producer prices in total industry in the euro area in February 2018, compared with January 2018, is due to rises of 0.3% for intermediate goods and of 0.1% for capital goods, while prices remained stable for both durable and non-durable consumer goods and fell by 0.2% in the energy sector. Prices in total industry excluding energy rose by 0.2%.

Prices in the EU28 remained stable due to rises of 0.3% for intermediate goods and of 0.1% for both capital goods and durable consumer goods, while prices fell by 0.1% for non-durable consumer goods and by 0.8% in the energy sector. Prices in total industry excluding energy rose by 0.1%.

The highest increases in industrial producer prices were observed in Estonia (+2.2%), Denmark (+1.4%), Slovakia (+1.0%) and Latvia (+0.7%), and the largest decreases in Greece (-1.1%), the United Kingdom (-0.7) and Lithuania (-0.6%).

Annual comparison by main industrial grouping and by Member State

The 1.6% increase in industrial producer prices in total industry in the euro area in February 2018, compared with February 2017, is due to rises of 2.4% for intermediate goods, of 2.0% in the energy sector, of 1.0% for both capital goods and durable consumer goods and of 0.9% for non-durable consumer goods. Prices in total industry excluding energy also rose by 1.6%.

In the EU28, the 1.8% price increase is due to rises of 2.6% for intermediate goods, of 2.3% in the energy sector, of 1.2% for both durable and non-durable consumer goods and of 1.0% for capital goods. Prices in total industry excluding energy rose by 1.7%.

The highest increases in industrial producer prices were recorded in Estonia (+5.4%), Bulgaria (+4.4%), Latvia (+3.8%) and Hungary (+3.6%), and the largest decreases in Luxembourg (-2.0%), Greece (-0.7%), Ireland and Cyprus (both -0.6%).