According to the report released by Eurostat, the Statistical Office of the European Communities, in April this year industrial producer prices decreased by 0.3 percent in the euro area and were down by 0.2 percent in the European Union member states (EU-28), both month on month. As compared to April 2015, in April this year industrial producer prices fell by 4.4 percent in the euro area and by 4.2 in the EU-28.
In April of the current year compared with March, prices in the energy sector decreased by 1.1 percent in the euro area and were down by 0.5 percent in the EU-28. Prices of intermediate goods increased by 0.2 percent in both the euro area and the EU-28, month on month. Prices of non-durable goods declined by 0.1 percent both in the euro area and in the EU-28 on month-on-month basis. Prices of capital goods rose by 0.1 percent in both regions, and prices of durable goods increased by 0.1 percent in both regions, all on month-on-month basis.
In the given month, among the member states for which data are available, the largest month-on-month decreases in industrial producer prices were recorded in Croatia (-1.5%), Sweden (-1.0%), and Belgium, Estonia and Italy (all -0.9%). The highest increases were observed in Ireland (+1.3%), the UK (+0.6%) and Denmark (+0.5%), on month-on-month basis.
In April this year as compared to April last year, prices in the energy sector fell by 12.5 percent in the euro area and were down by 13 percent in the EU-28. Prices of intermediate goods decreased by 2.9 percent in the euro area and declined by 2.6 percent in the EU-28 and the prices of non-durable goods decreased by 0.8 percent in the euro area and were down by 0.7 percent in the EU-28, all year on year. Prices of capital goods rose by 0.3 percent in the euro area and by 0.5 percent in the EU-28, while the prices of durable goods increased by 0.9 percent in both regions, all on year-on-year.
Among member states for which data are available, prices fell in all member states except Malta (+1.0%), on year-on-year basis. The largest year-on-year decreases were seen in the Netherlands (-10.3%), Greece (-8.8%), Belgium (-6.9%) and Lithuania (-6.6%).