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Industrial producer prices up by 0.7% in euro area

Staff Writer |
In June 2016, compared with May 2016, industrial producer prices rose by 0.7% in the euro area (EA19) and by 0.8% in the EU28, according to Eurostat.

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In May 2016 prices increased by 0.6% in both zones. In June 2016, compared with June 2015, industrial producer prices decreased by 3.1% in the euro area and by 2.9% in the EU28.

The 0.7% increase in industrial producer prices in total industry in the euro area in June 2016, compared with May 2016, is due to rises of 2.4% in the energy sector, of 0.3% for intermediate goods and of 0.1% for both capital goods and non-durable consumer goods, while prices remained stable for durable consumer goods. Prices in total industry excluding energy increased by 0.2%.

In the EU28, the 0.8% increase is due to rises of 2.8% in the energy sector, of 0.3% for intermediate goods and of 0.1% for both capital goods and non-durable consumer goods, while prices remained stable for durable consumer goods.

Prices in total industry excluding energy increased by 0.2%. Industrial producer prices rose in all Member States except Cyprus (-0.2%), with the highest increases observed in the Netherlands (+2.6%), Denmark (+2.5%), Spain (+1.8%) and Estonia (+1.6%).