Malta’s annual rise in industrial producer prices EU’s highest

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Malta's annual rise in industrial producer prices EU's highestIn April 2010 compared with March 2010, the industrial producer price index rose by 0.9% in the euro area (EA16) and by 1.0% in the EU27. In March, prices increased by 0.6% and 0.8% respectively.

In April 2010 compared with April 2009, industrial producer prices gained 2.8% in the euro area and 3.7% in the EU27.

Annual changes

In April 2010, compared with April 2009, prices in total industry excluding the energy sector increased by 1.0% in the euro area and by 1.1% in the EU27. Prices in the energy sector rose by 7.7% and 10.2% respectively. Intermediate goods gained 2.7% in the euro area and 2.6% in the EU27. Durable consumer goods increased by 0.4% and 0.7% respectively. Capital goods fell by 0.1% in the euro area, but rose by 0.1% in the EU27. Non-durable consumer goods declined by 0.4% and 0.1% respectively.

Among Member States for which data was available, the largest increases in the total index were observed in Malta (+16.7%), Greece (+9.1%), the United Kingdom (+8.5%) and Denmark (+6.6%). The only decreases were observed in Latvia and Slovakia (both -4.5%).

Monthly changes

In April 2010, compared with the previous month, prices in total industry excluding the energy sector increased by 0.5% in the euro area and by 0.6% in the EU27. Prices in the energy sector rose by 1.9% and 1.7% respectively. Intermediate goods gained 1.3% in both zones. Durable consumer goods increased by 0.1% in the euro area and by 0.3% in the EU27. Non-durable consumer goods rose by 0.1% and 0.2% respectively. Capital goods remained stable in the euro area and gained 0.2% in the EU27.

Among Member States for which data was available, the highest increases in the total index were recorded in Hungary (+3.0%), Latvia (+2.8%), Bulgaria (+1.9%) and Greece (+1.4%). The only decrease was observed in Sweden (-0.4%), while the index remained stable in Malta.

These figures come from Eurostat, the statistical office of the European Union.

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