Industrial producer prices rise in Eurozone

Industrial producer prices in the eurozone increased by 0.7 percent in March compared to the previous month.
That reported the European statistics agency Eurostat Tuesday.

Industrial producer prices up by 0.7% in euro area and Up by 1.0% in EU27 In March 2011 compared with February 2011, the industrial producer price index1 rose by 0.7% in the euro area2 (EA17) and by 1.0% in the EU272. In February3 prices increased by 0.8% in both zones. In March 2011 compared with March 2010, industrial producer prices gained 6.7% in the euro area and 7.4% in the EU27.

In March 2011, compared with the previous month, prices in total industry excluding the energy sector increased by 0.2% in both the euro area and the EU27. Prices in the energy sector rose by 1.9% and 2.8% respectively. Intermediate goods gained 0.3% in both zones. Non-durable consumer goods rose by 0.3% in the euro area and by 0.2% in the EU27. Durable consumer goods increased by 0.1% and 0.3% respectively. Capital goods remained stable in the euro area and gained 0.1% in the EU27.

In March 2011 compared with March 2010, prices in total industry excluding the energy sector increased by 4.5% in the euro area and by 4.6% in the EU27. Prices in the energy sector gained 13.0% and 14.1% respectively. Intermediate goods rose by 7.9% in both zones. Non-durable consumer goods increased by 2.9% in the euro area and by 3.4% in the EU27. Durable consumer goods rose by 1.8% and 1.9% respectively. Capital goods gained 1.2% in the euro area and 1.3% in the EU27.

Among Member States for which data are available, the largest increases in the total index were observed in Bulgaria (+12.1%), the Netherlands (+10.8%), the United Kingdom (+10.7%) and Romania (+9.5%), and the smallest in Malta (+0.9%), Sweden (+2.9%), Slovakia (+3.3%) and Cyprus (+4.4%).

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