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, compared with May 2020, by 0.7% in both the euro area and EU, according to estimates from Eurostat, the statistical office of the European Union. In May 2020, prices decreased by 0.6% in the euro area and by 0.5% in the EU.

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 euro area in June 2020, compared with May 2020, increased by 3.1% in the energy sector, by 0.2% for intermediate goods and by 0.1% for capital goods, while 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.

In the EU, industrial producer prices increased by 3.3% in the energy sector, by 0.1% for both intermediate goods and capital goods, while 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%) and Finland (+2.2%), while the only decreases was observed in Czechia (-0.1%).

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area 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 and by 2.4% for intermediate goods, while 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%), while the only increases were recorded in Malta (+1.5%), Slovenia (+0.7%) and Luxembourg (+0.1%).