Be the first to comment!Malta has largest increase in producer price index in EU
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In December 2010 compared with November 2010, the industrial producer price index rose by 0.8% in the euro area (EA16) and by 1.1% in the EU27. In November 2010, prices increased by 0.3% and 0.5% respectively. In December 2010 compared with December 2009, industrial producer prices gained 5.3% in the euro area and 5.9% in the EU27. The average industrial producer price index for 2010, compared with 2009, increased by 2.9% in the euro area and by 3.4% in the EU27.
Monthly changes
In December 2010, compared with the previous month, prices in total industry excluding the energy sector increased by 0.3% in both the euro area and the EU27. Prices in the energy sector rose by 2.2% and 2.9% respectively. Intermediate goods gained 0.5% in the euro area and 0.4% in the EU27. In both zones, non-durable consumer goods increased by 0.4% and capital goods by 0.1%. Durable consumer goods gained 0.1% in the euro area and 0.3% in the EU27. Among the Member States for which data are available, the highest increases in the total index were recorded in Denmark (+2.9%), Sweden (+2.5%), Finland and the United Kingdom (both +2.4%). The only decrease was observed in Ireland (-0.3%), while prices remained stable in Estonia and Cyprus. Malta stood at 1.0%.
Annual changes
In December 2010 compared with December 2009, prices in total industry excluding the energy sector increased by 3.3% in the euro area and by 3.4% in the EU27. Prices in the energy sector gained 11.3% and 12.2% respectively. In both zones, intermediate goods rose by 6.2%. Non-durable consumer goods increased by 1.7% in the euro area and by 2.0% in the EU27. Durable consumer goods rose by 1.4% and 1.7% respectively. Capital goods gained 0.8% in the euro area and 0.9% in the EU27.
Among Member States for which data are available, the largest increases in the total index were observed in Malta (+15.6%), Bulgaria (+12.0%) and Hungary (+10.9%), and the smallest in Ireland (+2.7%) and Slovenia (+3.5%). The only decrease was observed in Slovakia (-0.8%).
These figures come from Eurostat, the statistical office of the European Union.
