Brussels – In January 2017, compared with December 2016, industrial producer prices rose by 0.7% in the euro area (EA19) and by 0.8% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2016 prices increased by 0.8% in the euro area and by 0.9% in the EU28. In January 2017, compared with January 2016, industrial producer prices rose by 3.5% in the euro area and by 4.3% in the EU28.
Monthly comparison by main industrial grouping and by Member State
The 0.7% increase in industrial producer prices in total industry in the euro area in January 2017, compared with December 2016, is due to rises of 1.8% in the energy sector, of 0.8% for intermediate goods and of 0.3% for capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy rose by 0.6%. In the EU28, the 0.8% increase is due to rises of 1.9% in the energy sector, of 0.9% for intermediate goods and of 0.3% for capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy rose by 0.6%. Industrial producer prices rose in all Member States. The largest increases were observed in Malta (+2.3%), Belgium (+2.1%), Spain (+1.8%) and Portugal (+1.7%).
Annual comparison by main industrial grouping and by Member State
The 3.5% increase in industrial producer prices in total industry in the euro area in January 2017, compared with January 2016, is due to rises of 9.7% in the energy sector, of 2.1% for intermediate goods, of 1.5% for non-durable consumer goods, of 0.9% for durable consumer goods and of 0.8% for capital goods. Prices in total industry excluding energy rose by 1.5%. In the EU28, the 4.3% price increase is due to rises of 13.8% in the energy sector, of 2.2% for intermediate goods, of 1.7% for non-durable consumer goods, of 1.1% for capital goods and of 1.0% for durable consumer goods. Prices in total industry excluding energy rose by 1.8%. The largest increases in industrial producer prices were recorded in Belgium (+13.3%), the United Kingdom (+10.0%) and the Netherlands (+8.4%), while decreases were observed in Luxembourg (-3.1%) and Latvia (-1.3%).
