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Industrial Producer Prices Up by 0.6% in Euro Area
Industrial Producer Prices Up by 0.6% in Euro Area
Industrial Producer Prices Up by 0.6% in Euro Area
In February 2012, compared with January 2012, the industrial producer price index1 rose by 0.6% in the euro area2
(EA17) and by 0.8% in the EU272. In January3 prices increased by 0.8% and 0.6% respectively.
In February 2012 compared with February 2011, industrial producer prices gained 3.6% in the euro area and 4.3%
in the EU27.
These figures come from Eurostat, the statistical office of the European Union.
125
120
115
110
105
100
95
90
02-2003
05-2003
08-2003
11-2003
02-2004
05-2004
08-2004
11-2004
02-2005
05-2005
08-2005
11-2005
02-2006
05-2006
08-2006
11-2006
02-2007
05-2007
08-2007
11-2007
02-2008
05-2008
08-2008
11-2008
02-2009
05-2009
08-2009
11-2009
02-2010
05-2010
08-2010
11-2010
02-2011
05-2011
08-2011
11-2011
02-2012
2005=100
Monthly comparison
In February 2012, compared with the previous month, prices in total industry excluding the energy sector increased
by 0.4% in the euro area and by 0.3% in the EU27. Prices in the energy sector rose by 1.2% and 1.5%
respectively. Intermediate goods gained 0.6% in the euro area and 0.5% in the EU27. In both zones, durable
consumer goods and non-durable consumer goods each increased by 0.3% and capital goods by 0.2%.
Among the Member States for which data are available, the highest increases in the total index were recorded in
Denmark (+3.6%), Belgium (+1.9%) and Finland (+1.7%), and the lowest in the Czech Republic, Latvia and
Malta (all +0.1%). Prices remained stable in Poland, while decreases were recorded in Cyprus (-0.3%) and
Slovenia (-0.1%).
Annual comparison
In February 2012 compared with February 2011, prices in total industry excluding the energy sector increased by
1.7% in the euro area and by 2.0% in the EU27. Prices in the energy sector gained 9.3% and 9.7% respectively.
Non-durable consumer goods rose by 2.9% in the euro area and by 3.3% in the EU27. In both zones, durable
consumer goods increased by 2.4%. Capital goods gained 1.4% in the euro area and 1.5% in the EU27.
Intermediate goods rose by 1.1% and 1.4% respectively.
Among the Member States for which data are available, the largest increases in the total index were observed in
Latvia (+10.2%), Cyprus (+8.6%) and Lithuania (+8.3%), and the smallest in Sweden (+0.2%), Malta (+0.6%)
and Slovenia (+0.7%).
1. The index of producer prices shows (in the national currency of the country concerned) changes in the ex-works sale prices
of all products sold on the domestic markets of the various countries, excluding imports. Euro area and EU indices refer to
overall weighted price changes. The figures are not adjusted. Missing observations from Member States for recent months
are estimated for the calculation of the euro area and the EU.
The weights of the Member States in the EU and euro area aggregates can be found at:
http://circa.europa.eu/Public/irc/dsis/ebt/library?l=/sts_weights_public&vm=detailed&sb=Title
See file: EU_EA17_NEWS_RELEASE_WEIGHTINGS_2005_nace2
More detailed data can be found in the short-term statistics database on the Eurostat website:
http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/database
2. The euro area (EA17) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg,
Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE),
Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU),
Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI),
Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).
3. Compared with data issued in the News Release 33/2012 of 2 March 2012, the monthly growth rates for January 2012 have
been revised from +0.7% to +0.8% in the euro area and from +0.7% to +0.6% in the EU27. The annual growth rates for
January 2012 have been revised from +3.7% to +3.8% in the euro area and from +4.4% to +4.3% in the EU27.