Industrial producer prices gained 5.9% in the euro area and 6.9% in the EU compared to June 2010

According to Eurostat, the statistical office of the European Union, in June 2011 compared with May 2011, prices in total industry excluding the energy sector increased by 0.1% in both the euro area and the EU. However, prices in the energy sector fell by 0.3% and 0.2% respectively.

Eurostat published that in June 2011, capital goods gained 0.2% and intermediate goods 0.1% compared with the previous month in both zones. Non-durable consumer goods rose by 0.1% in the euro area and by 0.2% in the EU. Durable consumer goods remained stable in the euro area and gained 0.1% in the EU. On the annual changes, intermediate goods rose by 6.4% in the euro area and by 6.6% in the EU compared with June 2010. Non-durable consumer goods increased by 3.7% and 4.2% respectively. In both zones, durable consumer goods rose by 1.7% and capital goods by 1.4%.

With regard to the countries, the highest increases in the total index compared with May 2011 were observed in Latvia (+1.3%), Cyprus and Romania (both +0.6%) and Slovenia (+0.4%). The largest decreases were recorded in Ireland (-1.2%), Denmark, Hungary and the Netherlands (-0.7% each). Compared with June 2010, the largest increases in the total index were observed in the United Kingdom (+12.7%), Denmark (+10.6%) and Bulgaria (+10.1%), and the smallest in Malta (+0.8%), Hungary and Sweden (both +1.5%).

The index of producer prices shows changes in the ex-works sale prices of all products sold on the domestic markets of the various countries, excluding imports. Euro area and EU indices refer to overall weighted price changes. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU, according to Eurostat.