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NEWS

July 2008 compared with June 2008

Industrial producer prices up by 1.1% in euro area - up by 0.9% in EU27

In July 2008 compared with June 2008, the industrial producer price index rose by 1.1% in the euro area (EA15) and by 0.9% in the EU27. In June, prices increased by 1.0% and 1.4% respectively. In July 2008 compared with July 2007, industrial producer prices gained 9.0% in the euro area and 11.0% in the EU27. These figures come from Eurostat, the Statistical Office of the European Communities.

Monthly changes
In July 2008, compared with the previous month, prices in total industry excluding the energy sector rose by 0.5% in both the euro area and the EU27. Prices in the energy sector increased by 2.8% and 1.9% respectively. Intermediate goods gained 0.8% in both zones. Non-durable consumer goods rose by 0.2% in the euro area and by 0.3% in the EU27. In both zones, capital goods and durable consumer goods increased by 0.2%.
Among Member States for which data are available, the highest increases were registered in Bulgaria (+2.9%), the Netherlands (+2.1%) and Germany (+2.0%), and the lowest in the Czech Republic (+0.1%) and the United Kingdom (+0.2%). The industrial producer price index remained stable in Ireland.

Annual changes
In July 2008, compared with July 2007, prices in total industry excluding the energy sector increased by 4.3% in the euro area and by 4.9% in the EU27. Prices in the energy sector rose by 24.5% and 29.4% respectively. Intermediate goods gained 5.6% in the euro area and 6.5% in the EU27. Non-durable consumer goods increased by 4.6% and 5.2% respectively. Durable consumer goods gained 2.4% in the euro area and 2.5% in the EU27. Capital goods rose by 2.0% and 2.5% respectively.
Among Member States for which data are available, the highest increases were observed in Denmark (+23.2%), the United Kingdom (+20.0%) and Lithuania (+18.9%), and the lowest in the Czech Republic (+5.3%), Ireland (+6.1%) and Slovakia (+6.3%).