In July 2008 compared with June 2008, the industrial producer price index rose by 1.1% in the euro area (EA15) and by 0.9% in the EU272. In June, prices increased by 1.0% and 1.4% respectively.

In July 2008 compared with July 2007, industrial producer prices gained 9.0% in the euro area and 11.0% in the EU27. These figures come from Eurostat, the Statistical Office of the European Communities.

Monthly changes – In July 2008, compared with the previous month, prices in total industry excluding the energy sector rose by 0.5% in both the euro area and the EU27. Prices in the energy sector increased by 2.8% and 1.9% respectively. Intermediate goods gained 0.8% in both zones. Non-durable consumer goods rose by 0.2% in the euro area and by 0.3% in the EU27. In both zones, capital goods and durable consumer goods increased by 0.2%.

Among Member States for which data are available, the highest increases were registered in Bulgaria (+2.9%), the Netherlands (+2.1%) and Germany (+2.0%), and the lowest in the Czech Republic (+0.1%) and the United Kingdom (+0.2%). The industrial producer price index remained stable in Ireland.

Annual changes – In July 2008, compared with July 2007, prices in total industry excluding the energy sector increased by 4.3% in the euro area and by 4.9% in the EU27. Prices in the energy sector rose by 24.5% and 29.4% respectively. Intermediate goods gained 5.6% in the euro area and 6.5% in the EU27. Non-durable consumer goods increased by 4.6% and 5.2% respectively. Durable consumer goods gained 2.4% in the euro area and 2.5% in the EU27. Capital goods rose by 2.0% and 2.5% respectively.

Among Member States for which data are available, the highest increases were observed in Denmark (+23.2%), the United Kingdom (+20.0%) and Lithuania (+18.9%), and the lowest in the Czech Republic (+5.3%), Ireland (+6.1%) and Slovakia (+6.3%).

Note: There was no specific data for Malta in this press release.

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