In May 2014, compared with April 2014, industrial producer prices fell by 0.1% in both the euro area (EA18) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April prices also decreased by 0.1% in both zones.
In May 2014, compared with May 2013, industrial producer prices decreased by 1.0% in the euro area and by 0.9% in the EU28.
Monthly comparison by main industrial grouping and by Member State
The 0.1% decrease in industrial producer prices in total industry in the euro area in May 2014, compared with April 2014, is due to falls of 0.3% in the energy sector and of 0.1% for non-durable consumer goods, while prices remained stable for intermediate goods and capital goods, and increased by 0.1% for durable consumer goods. Prices in total industry excluding energy remained stable.
In the EU28, the 0.1% decrease is due to falls of 0.4% in the energy sector and of 0.1% for non-durable consumer goods, while prices remained stable for capital goods and durable consumer goods, and rose by 0.1% for intermediate goods. Prices in total industry excluding energy remained stable.
The largest decreases in industrial producer prices were observed in Lithuania (-1.5%), Latvia (-1.0%) and Hungary (-0.8%), and the highest increases in Estonia (+1.6%), Denmark (+1.0%) and Spain (+0.9%).
Annual comparison by main industrial grouping and by Member State
The 1.0% decrease in industrial producer prices in total industry in the euro area in May 2014, compared with May 2013, is due to falls of 2.8% in the energy sector and of 1.2% for intermediate goods, while prices rose by 0.3% for capital goods, by 0.5% for non-durable consumer goods and by 0.8% for durable consumer goods. Prices in total industry excluding energy fell by 0.2%.
In the EU28, the 0.9% decrease is due to falls of 2.8% in the energy sector and of 1.0% for intermediate goods, while prices rose by 0.4% for capital goods, by 0.5% for non-durable consumer goods and by 0.7% for durable consumer goods. Prices in total industry excluding energy decreased by 0.1%.
Industrial producer prices fell in almost all Member States, with the largest decreases observed in Belgium and Lithuania (both -4.8%), Cyprus (-4.3%) and Slovakia (-3.7%), and the only increases in Greece (+1.1%), Romania (+0.8%), Sweden (+0.7%), Estonia and Ireland (both +0.5%).
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