The industrial producer price index rose by 0.1 percent from July to August in the euro area, and by 0.2 percent in countries belonging to the European Union.
According to the statistical office of the European Communities, Eurostat, industrial producer prices increased by 5.7 percent in the euro area and by 6.2 percent in the EU25 from August last year to August this year. The index of producer prices reflects the changes in the sales prices of domestic products sold in each country and excludes the sales of imported goods.
Prices in the energy sector fell by 0.4 percent in the euro area but went up by 0.2 percent in the EU25, said the report. In both zones, intermediate goods gained 0.4 percent, capital goods and non-durable consumer goods gained 0.1 percent. Durable consumer goods remained constant.
Among the EU25, the highest industrial producer price increase was recorded in Luxembourg as it went up by 16.7 percent followed by Hungary who rose by 11.1 percent.
The Euro area includes Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland.