Industrial producer prices up by 0.7% in both euro area and EU

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In June 2020, a fourth month still marked by COVID-19 containment measures in most Member States, industrial producer prices rose, according to data published by Eurostat, the statistical office of the European Union.

The data, also published by NSO, the National Statistics Office shows that when compared with May 2020, industrial producer prices increased by 0.7% in both the eurozone and the EU.

In May 2020, prices decreased by 0.6% and by 0.5% in the eurozone and the EU respectively.

The data also shows how in June 2020, compared with June 2019, industrial producer prices decreased by 3.7% in the euro area and by 3.4% in the EU.

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the eurozone in June 2020, compared with May 2020, increased by;

  • 3.1% in the energy sector
  • 0.2% for intermediate goods
  • 0.1% for capital goods

Prices remained stable for durable consumer goods and decreased by 0.1% for non-durable consumer goods. The prices in total industry excluding energy remained stable.

In the European Union industrial producer prices increased by;

  • 3.3% in the energy sector  
  • 0.1% for both intermediate goods and capital goods

Prices remained stable for durable consumer goods and decreased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable.

The highest increases in industrial producer prices were recorded in;

  • Estonia +3.7%
  • Denmark +3.3%
  • Finland +2.2%

The only decreases was observed in

  • Czechia -0.1%

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the eurozone in June 2020, compared with June 2019, decreased by 12.8% in the energy sector and by 2.5% for intermediate goods, while prices rose by 0.6% for non‑durable consumer goods, by 1.0% for capital goods and by 1.2% for durable consumer goods. Prices in total industry excluding energy decreased by 0.6%.

In the EU, industrial producer prices decreased by ;

  • 11.8% in the energy sector  
  • 2.4% for intermediate goods

The prices rose by 0.9% for non‑durable consumer goods, by 1.2% for capital goods and by 1.4% for durable consumer goods. Prices in total industry excluding energy decreased by 0.4%.

The largest decreases in industrial producer prices were observed in;

  • Lithuania -7.8%
  • Belgium -7.5%
  • Spain and Italy both ‑6.1%

The increases were recorded in Malta, +1.5%, Slovenia, +0.7%, and Luxembourg, +0.1%.