European IPP Increase

The index of producer prices of all products sold on domestic markets of the various countries of the EU (excluding imports) rose by 0.9% in the euro area and 1% in the EU27 in April 2011 compared with March 2011. April 2011 compared with April 2010 shows that the annual increase was 6.7% in the euro area and 7.8% in the EU27.

The monthly changes included an increase in energy prices of 2% in the uero area and 2.2% in the EU27, an increase of 0.4% in both areas in total industry and 0.6% in intermediate goods, 0.2% in durables and 0.1% in capital goods. Non-durable consumer goods rose by 0.5% in the euro area and 0.4% in the EU27. The highest increases at the national level were in Latvia at 4.6% only Sweden reported a decrease (-0.5%) and Malta remained stable.

Total industry prices (excluding energy) increased 4.4% on the annual basis in the euro area and 4.6% in the EU27. Energy prices increased by 13.3% in the euro area and 15.4% in the EU27. Intermediate goods prices increased by 7.3% in both zones. Non-durables rose by 3.4% in the euro area and 3.9% in the EU27. Durables rose by 2% and 1.9% and capital goods by 1.3% and 1.4% respectively. The largest increase nationally was in the UK with an increase in the total index of 13.1%. The smallest was in Malta with 0.9%.