Industrial producer prices up by 0.3% in euro area, Malta registers lowest increase

Statistics released by Eurostat show that compared with August, Malta’s industrial producer price index averaged 0.1% in September.

In the euro area, this increase was averaged at 0.3% in the euro area and by 0.4% in the EU27.
The statistics showed that when compared with August, prices in total industry - excluding the energy sector - increased by 0.1% in both the euro area and the EU27 during September.

Prices in the energy sector rose by 1.0% and 1.3% respectively. Durable consumer goods gained 0.4% in the euro area and 0.3% in the EU27.

Capital goods remained stable in the euro area and rose by 0.1 in the EU27. Intermediate goods remained stable in both areas.

Among the member states for which data are available, the largest increases in the total index were recorded in Hungary (+1.7%), Cyprus (+1.1%), Lithuania and the United Kingdom (both +1.0%).

The lowest increases in the total index were recorded in Ireland and Malta both at 0.1%.
Also in September, - when compared with the same month last year - prices in total industry, excluding the energy sector, increased by 3.6% in the euro area and by 3.9% in the EU27. Prices in the energy sector gained 12.2% and 14.3% respectively. Intermediate goods rose by 5.0% in the euro area and by 5.3% in the EU27.

Non-durable consumer goods increased by 3.5% and 4.1% respectively. Durable consumer goods gained 2.5% in the euro area and 2.4% in theEU27. Capital goods rose by 1.5% and 1.6% respectively.

Among the Member States for which data was available, the largest increases in the total index were observed in the United Kingdom (+13.2%), Lithuania (+12.2%) and Latvia (+9.3%), and the smallest in Malta (+0.9%) and Slovakia (+2.6%). The only decrease was recorded in Sweden (-0.3%).