According to the report released by Eurostat, the Statistical Office of the European Communities, in December last year industrial producer prices increased by 0.2 percent in both the euro area and in the European Union member states (EU-28), both month on month. In December last year as compared to December 2012, industrial producer prices fell by 0.8 percent in the euro area and by 0.6 percent in the EU-28.
In December last year compared with November, prices in overall industry excluding construction and the energy sector remained stable in both the euro area and the EU-28. The prices of capital goods, durable consumer goods and intermediate goods remained stable in both zones, while prices of non-durable consumer goods increased by 0.1 percent in the euro area and remained stable in the EU-28, all month on month.
In the given month, among the member states for which data are available, the largest month-on-month increases were recorded in Spain (+1.1%), the Czech Republic and Sweden (both +0.8%), while the largest decreases were registered in Estonia (-1.7%), Latvia (-0.9%), and Lithuania (-0.6%).
In December 2013 as compared to December 2012, prices in overall industry excluding construction and the energy sector decreased by 0.3 percent in the euro area and by 0.1 percent in the EU-28, while prices in the energy sector fell by two percent and by 1.5 percent respectively. Prices of intermediate goods decreased by 1.7 percent in the euro area and by 1.5 percent in the EU-28, year on year. Prices of capital goods rose by 0.6 percent in the euro area and by 0.7 percent in the EU-28, prices of durable consumer goods rose by 0.6 percent in both zones, while prices of non-durable consumer goods rose by 0.9 percent in the euro area and by one percent in the EU-28, all year on year.
Among member states for which data are available, the largest year-on-year increases in the overall index were observed in Estonia (+7.2%), the Czech Republic (+1.8%), Ireland (+1.4%) and Romania (+1.0%), while the largest decreases were seen in Cyprus (-5.2%), Belgium (-3.6%), Bulgaria (-2.8%), Croatia and the Netherlands (both -2.6%).