According to the report released by Eurostat, the Statistical Office of the European Communities, in June this year industrial producer prices increased by 0.7 percent in the euro area and by 0.8 percent in the European Union member states (EU-28), month on month. As compared to June 2015, in June this year industrial producer prices fell by 3.1 percent in the euro area and by 2.9 percent in the EU-28.
In June of the current year compared with May, prices in the energy sector increased by 2.4 percent in the euro area and were up by 2.8 percent in the EU-28. Prices of intermediate goods rose by 0.3 percent in both the euro area and the EU-28, month on month. Prices of non-durable goods grew 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 remained stable 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 increases in industrial producer prices were recorded in the Netherlands (+2.6%), Denmark (+2.5%), Spain (+1.8%) and Estonia (+1.6%). The only decrease was observed in Cyprus (-0.2%), on month-on-month basis.
In June this year as compared to June last year, prices in the energy sector fell by 8.7 percent in the euro area and were down by 8.6 percent in the EU-28. Prices of intermediate goods decreased by 2.6 percent in the euro area and declined by 2.3 percent in the EU-28 and the prices of non-durable goods decreased by 0.5 percent in both regions, all year on year. Prices of capital goods rose by 0.4 percent in the euro area and by 0.6 percent in the EU-28, while the prices of durable goods increased by 0.8 percent in the euro area and by 0.9 percent in the EU-28, 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 Greece (-7.3%), the Netherlands (-6.2%) and Croatia and Cyprus (both -4.8%).