Industrial producer prices rose by 0.3% in Eurozone

According to the data released by Eurostat, in September the industrial producer price index rose by 0.3% in the euro area, compared to the previous month. In the European Union as a whole, this indicator shows a slightly smaller increase, with figures of 0,2% increase.

In September 2010, compared with the previous month, prices in total industry excluding the energy sector increased by 0.3% in both the Euro area and the European Union as a whole. As shown by the European Office for Statistics, Erostat, Intermediate goods rose by 0.5% in both zones, while prices in the energy sector gained 0.3% in the Euro area and 0.1% in the EU27.

Non-durable consumer goods increased by 0.2% and 0.1% respectively, and both capital goods and durable consumer goods remained stable in the Euro area and rose by 0.1% in the EU27.

In yearly terms, in September 2010 compared with September 2009, prices in total industry excluding the energy sector increased by 2.5% in the Euro area and by 2.7% in the EU27. The energy sector registered quite a higher increase in both areas showing figures of 9.4% and 9.5% increase respectively.

Romania, the Member state with higher industrial producer price increase

Among Member States for which data are available, the highest increases in the total index were recorded in Romania (+1.2%), Finland (+1.1%), Belgium and Bulgaria (both +0.8%). The only decreases were observed in Hungary (-0.8%), Slovakia (-0.4%) and the United Kingdom (-0.1%).

Compared to the previous year, Bulgaria and Hungary remain in the group of countries with the largest increase, both with 9.6%, preceded by Malta with 14.4%. The smallest increase are registered by Ireland (+1.9%) and the Czech Republic (+2.4%). The only decrease was observed in Slovakia (-0.8%).