Industrial producer prices in October 2017 rose 0.4% in the euro area relative to September 2017. The movement was due to a 1.3% climb in the energy sector and a 0.3% growth for intermediate goods. Prices for capital and durable consumer good remained stable, while non-durable goods recorded a 0.2% decline.
In the EU28, a similar increase of 0.4% was observed due to a 1.2% upward movement in the energy sector and a 0.3% growth for intermediate goods. According to EUROSTAT, “prices remained stable for both capital and durable consumer goods and fell by 0.1% for non-durable consumer goods. Prices in total industry excluding energy rose by 0.1%.”
Annual Comparison
Year over year, industrial prices increased 2.5% in total industry in the euro area in October 2017. The movement was due to 3.5% upward movement or intermediate goods, 3.1% growth in the energy sector and a 1.9% increase for non-durable consumer goods. Capital goods and durable consumer goods both recorded growths 0.9% and 0.6% respectively. The total industry excluding energy climbed 2.3%. In the EU28, prices trended upward by 2.6%, according to EUROSTAT, “price increase is due to rises of 3.6% for intermediate goods, of 3.5% in the energy sector, of 2.3% for non-durable consumer goods and of 0.9% for both capital and durable consumer goods. Prices in total industry excluding energy rose by 2.5%.”
Industrial producer prices increased in all Member States, with the largest growths recorded in Belgium (+6.9%), Bulgaria (+5.5%), Poland (+4.5%), Hungary (+4.4%) and Ireland (+4.3%).
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