Industrial producer prices up by 0.1% in the euro area, the EU28 and Cyprus in October 2019

Industrial producer prices increased by 0.1% in the euro area, the EU28 and Cyprus in October 2019, compared with September 2019, according to estimates from Eurostat, the statistical office of the European Union. In September 2019, prices increased by 0.1% in the euro area, remained stable in the EU28 and dropped by -0.5 in Cyprus. In October 2019, compared with October 2018, industrial producer prices fell by 1.9% in the euro area, by 1.6% in the EU28 and by 0.9% in Cyprus.

Industrial producer prices in the euro area in October 2019, compared with September 2019, rose by 0.7% in the energy sector, by 0.3% for non-durable consumer goods and by 0.1% for both capital goods and durable consumer goods, while they fell by 0.3% for intermediate goods. Prices in total industry excluding energy fell by 0.1%.

According to Eurostat, in the EU28, industrial producer prices rose by 0.2% for both energy sector and non-durable consumer goods, by 0.1% for durable consumer goods and remained stable for capital goods, while they fell by 0.3% for intermediate goods. Prices in total industry excluding energy fell by 0.1%. The highest increases in industrial producer prices were recorded in Belgium (+2.3%), Netherlands (+0.9%), Denmark and Spain (both +0.5%), while the largest decreases were observed in Greece (-2.0%), Estonia (-0.7%), and Latvia (-0.6%).

Industrial producer prices in the euro area in October 2019, compared with October 2018, fell by 7.9% in the energy sector and by 1.0% for intermediate goods, while they rose by 1.4% for capital goods, by 1.5% for nondurable consumer goods and by 1.6% for durable consumer goods. Prices in total industry excluding energy rose by 0.3%. In the EU28, industrial producer prices fell by 8.0% in the energy sector and by 0.7% for intermediate goods, while they rose by 1.5% for both capital goods and durable consumer goods and by 1.6% for non-durable consumer goods. Prices in total industry excluding energy rose by 0.6%. The largest decreases in industrial producer prices were recorded in Denmark and Italy (both -4.1%), Greece (-4.0%) and Belgium (-3.0%), while the highest increases were observed in Bulgaria (+3.8%), Romania (+2.9%) and Slovenia (+1.9%).

Source: Cyprus News Agency