Industrial producer prices in Cyprus rise by 0.4% monthly but decrease by -1.8% in annual basis, according to Eurostat

Industrial producer prices remained stable in the euro area (EA19) in April 2018, compared with March 2018, while they rose by 0.1% in the EU28 and by 0.4% in Cyprus according to estimates from Eurostat, the statistical office of the European Union. In March 2018, prices increased by 0.1% in both zones but dropped by -0.4% in Cyprus. In April 2018, compared with April 2017, industrial producer prices rose by 2.0% in the euro area, by 2.4% in the EU28 and dropped by -1.8% in Cyprus.

Industrial producer prices in total industry remained stable in the euro area in April 2018, compared with March 2018, as prices increased by 0.2% for intermediate goods and by 0.1% for capital goods and durable consumer goods, while they remained stable for non-durable consumer goods and decreased by 0.4% in the energy sector. Prices in total industry excluding energy rose by 0.1%.

In the EU28, the 0.1% increase is due to rises of 0.3% in the energy sector, of 0.2% for intermediate goods and of 0.1% for capital goods and durable consumer goods, while prices remained stable for non-durable consumer goods. Prices in total industry excluding energy also rose by 0.1%. The highest increases in industrial producer prices were observed in Greece (+1.8%), Latvia (+1.1%), Spain and the United Kingdom (both +0.7%), and the largest decreases in Estonia (-1.4%), France and Italy (both -0.7%).

The 2.0% increase in industrial producer prices in total industry in the euro area in April 2018, compared with April 2017, is due to rises of 3.8% in the energy sector, of 2.1% for intermediate goods, of 1.0% for capital goods, of 0.9% for durable consumer goods and of 0.5% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.3%. In the EU28, the 2.4% price increase is due to rises of 5.3% in the energy sector, of 2.6% for intermediate goods, of 1.0% for capital goods, of 0.9% for durable consumer goods and of 0.8% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.5%. The highest increases in industrial producer prices were recorded in Estonia (+5.6%), the United Kingdom (+4.7%), Latvia (+4.6%) and Slovakia (+4.3%), while decreases were observed in Ireland (-1.9%), Cyprus (-1.8%) and Luxembourg (-1.3%).

Source: Cyprus News Agency