In August 2008 compared with July 2008, the industrial producer price
index fell by 0.5% in the euro area2 (EA15) and by 0.7% in the EU27. In
July, prices rose by 1.3% and 1.2% respectively. In August 2008
compared with August 2007, industrial producer prices increased by 8.5%
in the euro area and by 10.4% in the EU27. These figures come from
Eurostat, the Statistical Office of the European Communities.
Monthly changes
In August 2008, compared with the previous month, prices in total
industry excluding the energy sector rose by 0.2% in both the euro area
and the EU27. Prices in the energy sector fell by 2.5% and 2.8%
respectively. Intermediate goods gained 0.3% in the euro area and 0.2%
in the EU27. Non-durable consumer goods rose by 0.2% in both zones.
Capital goods increased by 0.1% in the euro area and by 0.2% in the
EU27. Durable consumer goods remained stable in the euro area and
gained 0.1% in the EU27.
Among Member States for which data are available, the highest increases
were registered in Lithuania (+1.9%), Luxembourg (+1.8%) and Romania
(+1.4%). The largest falls were observed in Denmark and the United
Kingdom (both -1.8%), and Greece and the Netherlands (both -1.1%).
Annual changes
In August 2008, compared with August 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 22.5% and 27.1%
respectively. Intermediate goods gained 6.0% in the euro area and 6.8%
in the EU27. Non-durable consumer goods increased by 4.1% and 4.9%
respectively. Durable consumer goods rose by 2.4% in the euro area and
2.5% in the EU27. Capital goods gained 2.2% and 2.6% respectively.
Among Member States for which data are available, the highest increases
were observed in Luxembourg (+27.0%), Denmark (+20.5%) and Lithuania
(+20.4%), and the lowest in the Czech Republic (+5.7%), Ireland (+6.2%)
and Slovakia (+6.7%).