Eurozone industrial producer prices up by 0.3 percent in September

20:15, November 04, 2010      

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Industrial producer prices in the euro zone rose by 0.3 percent in September, compared with the previous month, the European Union (EU)'s statistics bureau Eurostat said on Thursday.

It followed a monthly increase of 0.1 percent in August. Compared with September 2009, industrial producer prices in the 16-nation bloc that uses the euro gained 4.2 percent.

In September, prices in the energy sector rose by 0.3 percent from August, while prices in total industry excluding the energy sector also increased by 0.3 percent in the euro zone. Intermediate goods rose by 0.5 percent. Non-durable consumer goods increased by 0.2 percent. Both capital goods and durable consumer goods remained stable.

In the 27-nation EU, industrial producer prices grew by 0.2 percent month on month in September and by 4.5 percent year on year.

Among the member states for which data were available, the largest monthly increase in the total index was recorded in Romania, up by 1.2 percent. The sharpest decrease was observed in Hungary, down by 0.8 percent.

Industrial producer prices are a key indicator of inflation. The index had been largely on a rising trend since the beginning of this year after it declined sharply in the financial and economic crisis.

Source: Xinhua


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