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August 2011: Industrial producer prices down by 0.1% in euro area

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In August 2011 compared with July 2011, the industrial producer price index1fell by 0.1% in the euro area (EA17) and by 0.2% in the EU27. In July prices increased by 0.5% and 0.4% respectively.<br/><br/>

In August 2011 compared with August 2010, industrial producer prices gained 5.9% in the euro area and 6.7% in the EU27.

Monthly comparison

In August 2011, compared with the previous month, prices in total industry excluding the energy sector increased by 0.1% in both the euro area and the EU27. Prices in the energy sector fell by 0.7% and 0.9% respectively. Durable consumer goods gained 0.2% in the euro area and 0.3% in the EU27. In both zones, capital goods and non-durable consumer goods rose by 0.2% and intermediate goods remained stable.

Among the Member States for which data are available, the largest decreases in the total index were recorded in the United Kingdom (-1.1%), Bulgaria (-1.0%) and Greece (-0.9%), and the highest increases in Latvia (+0.8%) and Hungary (+0.3%).

Annual comparison

In August 2011 compared with August 2010, prices in total industry excluding the energy sector increased by 3.9% in the euro area and by 4.1% in the EU27. Prices in the energy sector gained 11.5% and 13.2% respectively. Intermediate goods rose by 5.7% in the euro area and by 5.8% in the EU27. Non-durable consumer goods increased by 3.5% and 4.1% respectively. Durable consumer goods gained 2.0% in the euro area and 2.1% in the EU27. Capital goods rose by 1.6% and 1.7% respectively.

Among the Member States for which data are available, the largest increases in the total index were observed in the United Kingdom (+11.9%), Lithuania (+10.5%) and Latvia (+9.4%), and the smallest in Malta (+0.8%), Sweden (+1.1%) and Slovakia (+1.9%).

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