Producer Prices Up Across Europe

Industrial producer prices (IPP) rose across Europe in August in both zones. In the euro area the IPP rose by 0.9% and in the EU27 by 1%. Both zones increased by 0.3% in July. Compared with 2011 the IPP increased by 2.7% in both zones. The main differences were in the energy sector with a 2.4% and 3.2% increase in the euro area and the EU27 respectively and in intermediate goods with increases of 0.5% in the euro area and 0.4% in the EU27. The highest increases in producer prices were to be found in Denmark (2.9%), the UK (1.8%) and Finland (1.7%). The lowest increases wwere found in Slovenia (0.1%) and Latvia (0.3%).