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Eurozone industrial producer prices stable in May

Staff writer |
Industrial producer prices remained stable in the 19-member euro area and rose by 0.1 percent in the 28-member European Union (EU) in May compared with the previous month, according to Eurostat, the EU's statistical office.

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In the Euro area, industrial producer prices in total industry remained stable due to a fall of 0.3 percent in the energy sector, while prices remained stable for capital goods, durable and non-durable consumer goods, and increased 0.3 percent for intermediate goods.

In the EU bloc, the increase is due to rises of 0.3 percent for intermediate goods, of 0.2 percent in the energy sector and of 0.1 percent for durable consumer goods, while prices remained stable for capital goods and decreased by 0.1 percent for non-durable consumer goods.

On an annual basis, industrial producer prices decreased 2 percent in the euro area and 2.6 percent in the EU.

The annual decrease was mainly attributed to falls of energy sector, non-durable consumer goods, and intermediate goods.

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