In February 2012, industrial producer prices increased by 0.8% in the EU compared with the previous month

Eurostat published the figures which show that in February 2012, compared with January 2012, it was registered an increase on the industrial producer price of 0.6% in the euro area and of 0.8% in the EU. With regard to the annual comparison, industrial producer prices have gained 3.6% in the euro area and 4.3% in the EU.

Eurostat, the statistical office of the European Union, published its estimation on the industrial producer price in the EU and in the euro area in February 2012. According to the figures, the industrial producer price index rose by 0.6% in the euro area and by 0.8% in the EU. Regarding the annual comparison, industrial producer prices have gained 3.6% and 4.3% respectively.

In February 2012, compared with the previous month, prices in total industry excluding the energy sector increased by 0.4% in the euro area and by 0.3% in the EU27. The data also shows an increase of 1.7% in the euro area and of 2.0% in the EU compared with February 2011. Prices in the energy sector rose by 1.2% and 1.5% respectively, according to a monthly comparison, and gained 9.3% and 9.7% respectively compared with February 2011. On the other hand, intermediate goods gained 0.6% in the euro area and 0.5% in the EU, compared with January 2012. In both zones, durable consumer goods and non-durable consumer goods each increased by 0.3% and capital goods by 0.2%.

With regard to Member States for which data are available for the fourth quarter of 2011, the highest increases in the total index were recorded in Denmark (+3.6%), Belgium (+1.9%) and Finland (+1.7%), and the lowest in the Czech Republic, Latvia and Malta (all +0.1%). Prices remained stable in Poland, while decreases were recorded in Cyprus (-0.3%) and Slovenia (-0.1%).