Industrial producer prices increase by 0.1% in the euroarea, decrease by -0.2% in Cyprus in February

In February 2018, compared with January 2018, industrial producer prices rose by 0.1% in the euro area (EA19), remained stable in the EU28 and decreased in Cyprus by -0.2%, according to estimates from Eurostat, the statistical office of the European Union. In January 2018, prices increased by 0.4% in both zones and remained stable in Cyprus. In February 2018, compared with February 2017, industrial producer prices rose by 1.6% in the euro area, by 1.8% in the EU28 and decreased by -0.6% in Cyprus.

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%).

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%).

Source: Cyprus News Agency