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Industrial producer prices up 0.1% in euro area

Christian Fernsby |
In August 2020, a month marked by some relaxation of coronavirus containment measures in many Member States, industrial producer prices rose, compared with July 2020, 0.1% in the euro area and by 0.2% in the EU, according to estimates from Eurostat.

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Topics: EURO   

In July 2020, prices increased by 0.7% in the euro area and by 0.6% in the EU. In August 2020, compared with August 2019, industrial producer prices decreased by 2.5% in the euro area and by 2.3% in the EU.

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in August 2020, compared with July 2020, increased by 0.3% in the energy sector and by 0.1% for intermediate goods, while prices remained stable for durable consumer goods and non-durable consumer goods and decreased by 0.1% for capital goods. Prices in total industry excluding energy remained stable.

In the EU, industrial producer prices increased by 0.6% in the energy sector and by 0.1% for intermediate goods, for durable consumer goods and for non-durable consumer goods, while prices decreased by 0.1% for capital goods. Prices in total industry excluding energy remained stable.

The highest increases in industrial producer prices were recorded in Estonia (+3.1%), Denmark (+2.2%) and Finland (+1.6%), while the largest decreases were observed in Bulgaria (-0.5%), Slovakia (-0.4%), Czechia, Croatia and Romania (all -0.3%).

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in August 2020, compared with August 2019, decreased by 8.7% in the energy sector and by 1.9% for intermediate goods, while prices rose by 0.3% for non-durable consumer goods, by 0.8% for capital goods and by 1.5% for durable consumer goods. Prices in total industry excluding energy decreased by 0.4%.

In the EU, industrial producer prices decreased by 8.4% in the energy sector and by 1.7% for intermediate goods, while prices rose by 0.6% for non-durable consumer goods, by 0.9% for capital goods and by 1.6% for durable consumer goods. Prices in total industry excluding energy decreased by 0.3%.

The largest decreases in industrial producer prices were observed in Lithuania (-6.8%), Latvia (-5.1%) and Italy (-4.0%), while the only increases were recorded in Malta (+1.6%), Hungary (+0.4%) and Slovenia (+0.3%).

The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.


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