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- Producer prices in Euro Zone increased in May
Producer prices in Euro Zone increased in May
In May 2016, compared with April 2016, industrial producer prices rose by 0.6% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April 2016 prices fell by 0.3% in the euro area and by 0.1% in the EU28. In May 2016, compared with May 2015, industrial producer prices decreased by 3.9% in the euro area and by 3.7% in the EU28.
The 0.6% increase in industrial producer prices in total industry in the euro area in May 2016, compared with April 2016, is due to rises of 1.7% in the energy sector, of 0.3% for intermediate goods and of 0.1% for non-durable consumer goods. Prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy increased by 0.2%. In the EU28, the 0.6% increase is due to rises of 2.1% in the energy sector, of 0.3% for intermediate goods and of 0.1% for non-durable consumer goods. Prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy increased by 0.2%. Industrial producer prices rose in nearly all Member States, with the highest increases observed in Belgium (+2.7%), the Netherlands (+2.0%), Hungary (+1.6%) and Greece (+1.3%). Industrial producer prices decreased only in Latvia (-0.4%), Sweden (-0.2%) and Bulgaria (-0.1%).
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