Insider Economy Industrial producer prices rose by 0.1% in the euro area and remained...

Industrial producer prices rose by 0.1% in the euro area and remained stable in Cyprus

In February 2019, compared with January 2019, industrial producer prices rose by 0.1% in the euro area (EA19) by 0.2% in the EU28, remained stable in Cyprus (0.0%) and increased by 1.2% in Greece according to estimates from Eurostat, the statistical office of the European Union.

In January 2019, prices increased by 0.3% in both the euro area and the EU28, decreased by -1.1% in Cyprus and increased by 1.1% in Greece.

In February 2019, compared with February 2018, industrial producer prices rose by 3.0% in the euro area by 3.1% in the EU28, by 6.5% in Cyprus and 2.6% in Greece.

Industrial producer prices in the euro area in February 2019, compared with January 2019, rose by 0.2% in the energy sector, by 0.1% for both capital goods and durable consumer goods, while prices remained stable for nondurable consumer goods and fell by 0.1% for intermediate goods. Prices in total industry excluding energy remained stable.

In the EU28, industrial producer prices rose by 0.7% in the energy sector, by 0.2% for durable consumer goods, by 0.1% for both intermediate goods and capital goods, while non-durable consumer goods remained stable. Prices in total industry excluding energy remained stable. The highest increases in industrial producer prices were recorded in Slovakia (+1.8%), Bulgaria (+1.5%), Latvia and Greece (both +1.2%), while the highest decreases were observed in Estonia (-1.5%), Denmark (-0.6%) and Portugal (-0.5%).

Industrial producer prices in the euro area in February 2019, compared with February 2018, rose by 8.0% in the energy sector, by 1.5% for capital goods, by 1.4% for durable consumer goods, by 1.3% for intermediate goods, and by 0.4% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.2%. In the EU28, industrial producer prices rose by 7.8% in the energy sector, by 1.8% for intermediate goods, by 1.7% for durable consumer goods, by 1.5% for capital goods and by 0.6% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.4%. The highest increases in industrial producer prices were recorded in Latvia (+6.6%), Cyprus (+6.5%), Romania (+6.4%) and Belgium (+5.9%). No decreases were observed.

(Cyprus News Agency)

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