July 03, 2018

According to the latest report published by Eurostat, the statistical office of the European Union, “In May 2018, compared with April 2018, industrial producer prices rose by 0.8% in the euro area (EA19) and by 1.0% in the EU28.” However, in April 2018 there was no price increase in the euro area while in EU28 an 1.0% increase was reflected.

Additionally, the report mentioned that in May 2018, compared with May 2017, industrial producer prices rose by 3.0% in the euro area and by 3.6% in the EU28.

 

Annual comparison by main industrial grouping and by Member State

The 3.0% increase in industrial producer prices in total industry in the euro area in May 2018, compared with April 2018, is due to rises of 7.6% in the energy sector, 2.4% for intermediate goods and 1.1% for durable consumer goods, of 0.9% for capital goods and of 0.3% for non-durable consumer goods.

“In the EU28, the 3.6% price increase is due to rises of 10.8%, 2.7%, 1.3% 1% and 0.5% increase in the in the energy sector, intermediate goods, durable consumer goods, capital goods and non-durable consumer goods respectively.

Notably, the largest increases in industrial producer prices were observed in the United Kingdom (+6.7%), Belgium (+6.5%), Estonia, Greece and Hungary (all +5.5%). On the other hand, decreases were observed in Ireland (-2.7%) and Luxembourg (-0.5%).

 

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