FXstreet.com (Barcelona) - The index of industrial producer prices rose by 0.8% in the euro area in December, while compared with December 2006 the index was up by 4.1%, according to the latest information by Eurostat.
The monthly change came out in line with market expectations but on yearly basis the index rose more than the experts consensus of a 4.0% increase. The index grew by an upwardly revised 0.7% in November and by 3.3% compared with the same period last year. The original estimation for the monthly change in November was a 0.6% increase.
Excluding construction and energy the index rose by 0.1% in December and by 3.2% on yearly basis. Energy prices registered the highest gain with a 3.2% increase in the month and a 7.8% rise compared with December 2006.
On monthly basis, the index for intermediate goods and capital goods remained unchanged, durable goods rose by 0.1% and non-durable consumer goods increased by 0.3%.
In the EU27 the producer price index rose by 1.1% and by 4.2% in yearly basis in December. The index had risen by 0.9% and 3.5% respectively in November.