Industrial producer prices up 0.7% in euro area, 0.8% in EU in Feb

Such prices decreased by 2.1 per cent year on year (YoY) in the euro area and by 1.9 per cent YoY in the EU in the month.

In December last year, industrial producer prices fell by 0.3 per cent MoM in the euro area and by 0.4 per cent MoM in the EU.

In the euro area, industrial producer prices increased by 1 per cent MoM for intermediate goods, 1.3 per cent MoM for energy, 0.6 per cent MoM for capital goods, by 0.8 per cent MoM for durable consumer goods, and decreased by 0.2 per cent MoM for non-durable consumer goods in January this year.

In the EU, such prices increased by 0.9 per cent MoM for intermediate goods, 1.5 per cent MoM for energy, 0.5 per cent MoM for capital goods, 0.8 per cent MoM for durable consumer goods, and decreased by 0.2 per cent MoM for non-durable consumer goods.

The highest monthly increases in such prices were recorded in Estonia (plus 13.7 per cent), Bulgaria (plus 7.1 per cent) and Finland (plus 6.9 per cent). The largest decreases were observed in Cyprus (minus 0.9 per cent), Czechia (minus 0.7 per cent), Germany and Slovakia (both minus 0.6 per cent).

In the euro area, such prices increased by 1.5 per cent YoY for intermediate goods, 1.6 per cent YoY for capital goods, 2.2 per cent YoY for durable consumer goods, 0.5 per cent YoY for non-durable consumer goods, and decreased by 8.9 per cent YoY for energy in the month.

Prices in the total eurozone industry excluding energy increased by 1.2 per cent YoY and 0.6 per cent MoM in the month.

In the EU, such prices increased by 1.2 per cent YoY for intermediate goods, 1.4 per YoY cent for capital goods, 2 per cent YoY for durable consumer goods, 0.5 per cent YoY for non-durable consumer goods, and decreased by 7.9 per cent for energy in the month.

Prices in the total EU industry excluding energy increased by 1.1 per cent YoY and 0.5 per cent MoM in the month, an Euristat release said.

The largest annual decreases in industrial producer prices were recorded in Ireland (minus 6.9 per cent), Luxembourg (minus 5.2 per cent) and Denmark (minus 3.5 per cent). The highest increases were observed in Estonia (plus 11.9 per cent), Bulgaria (plus 11.7 per cent) and Romania (plus 9.3 per cent).

Fibre2Fashion News Desk (DS)