The FINANCIAL — In December 2017, compared with November 2017, industrial producer prices rose by 0.2% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.
In November 2017, prices increased by 0.6% in the euro area and by 0.7% in the EU28.
In December 2017, compared with December 2016, industrial producer prices rose by 2.2% in the euro area and by 2.4% in the EU28.
The average industrial producer prices for the year 2017, compared with 2016, increased by 3.1% in the euro area and by 3.4% in the EU28.
Monthly comparison by main industrial grouping and by Member State
The 0.2% increase in industrial producer prices in total industry in the euro area in December 2017, compared with November 2017, is due to rises of 0.2% for intermediate goods and of 0.1% in the energy sector, for capital goods and for durable consumer goods, while prices remained stable for non-durable consumer goods. Prices in total industry excluding energy rose by 0.1%.
In the EU28, the 0.1% increase is due to rises of 0.2% for both intermediate goods and durable consumer goods and of 0.1% in the energy sector, while prices remained stable for both capital goods and non-durable consumer goods. Prices in total industry excluding energy also rose by 0.1%.
The highest increases in industrial producer prices were observed in Sweden (+1.2%), Ireland (+0.7%), Slovakia (+0.6%) and Finland (+0.5%), and the largest decreases in Denmark (-1.0%), Lithuania (-0.6%), as well as Estonia and Romania (both -0.3%).
Annual comparison by main industrial grouping and by Member State
The 2.2% increase in industrial producer prices in total industry in the euro area in December 2017, compared with December 2016, is due to rises of 3.0% for intermediate goods, of 2.9% in the energy sector, of 1.5% for non- durable consumer goods, of 1.0% for capital goods and of 0.7% for durable consumer goods. Prices in total industry excluding energy rose by 1.9%.
In the EU28, the 2.4% price increase is due to rises of 3.2% in the energy sector, of 3.1% for intermediate goods, of 1.8% for non-durable consumer goods, of 1.1% for durable consumer goods and of 0.9% for capital goods. Prices in total industry excluding energy rose by 2.1%.
Industrial producer prices rose in all Member States. The largest increases were recorded in Belgium (+5.3%), Bulgaria (+5.1%), the United Kingdom (+4.2%), Lithuania (+3.8%) and Ireland (+3.6%).
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