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Industrial producer prices down by 0.5% in euro area

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In June 2012, compared with May 2012, the industrial producer price index fell by 0.5% in the euro area (EA17) and by 0.8% in the EU272. In May prices decreased by 0.5% and 0.7% respectively.<br/><br/>

In June 2012 compared with June 2011, industrial producer prices gained 1.8% in the euro area and 1.6% in the EU27.

Monthly comparison

In June 2012, compared with the previous month, prices in total industry excluding the energy sector fell by 0.1% in both the euro area and the EU27. Prices in the energy sector decreased by 1.8% and 2.6% respectively. In both zones intermediate goods dropped by 0.3%, while durable consumer goods remained stable and capital goods and non-durable consumer goods increased by 0.1%.

Prices fell in almost all Member States for which data are available, except Cyprus (+0.4%), Latvia (+0.3%) and Malta and Slovenia where prices remained stable. The largest decreases in the total index were recorded in the United Kingdom (-1.9%), Greece (-1.8%), Denmark (-1.3%) and the Netherlands (-1.2%).

Annual comparison

In June 2012 compared with June 2011, prices in total industry excluding the energy sector increased by 0.9% in the euro area and by 1.2% in the EU27. Prices in the energy sector gained 4.8% and 3.0% respectively. Non-durable consumer goods rose by 1.9% in the euro area and by 2.3% in the EU27. Durable consumer goods increased by 1.9% in both zones. Capital goods gained 1.1% in the euro area and 1.4% in the EU27. Intermediate goods rose by 0.1% and 0.4% respectively.

Among the Member States for which data are available, the largest increases in the total index were observed in Cyprus (+8.8%), Hungary (+6.9%) and Lithuania (+4.9%), and the smallest in the United Kingdom (+0.1%), Austria (+0.2%) and Malta (+0.6%). Decreases were recorded in Sweden (-0.4%) and Denmark (-0.1%).

 

 

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