Industrial producer prices fell in all EU member states except Malta in June when compared to the same month last year, new Eurostat figures show. 

Prices rose by one per cent locally, when compared to an average 2.9 per cent decrease across the 28 member states and 3.1 per cent in the eurozone.  

But while prices fell when compared to June last year, every EU member state except Cyprus saw prices rise when compared to the previous month, May of this year. Prices rose by an average of 0.8 per cent over that period across the EU 28 and 0.7 per cent in the eurozone. 

Eurostat attributed the month-on-month rise to rises of 2.8 per cent in the energy sector, 0.3 per cent for intermediate goods and 0.1 per cent for both capital goods and non-durable consumer goods. Prices remained stable for durable consumer goods, while prices in total industry excluding energy increased by 0.2 per cent. 

The highest month-on-month price increases were registered in the Netherlands (+2.8 per cent), Denmark (+2.5 per cent), Spain (+1.8 per cent) and Estonia (+1.6 per cent).

In its annual comparison, Eurostat said that year-on-year prices had declined across all member states due to an 8.6 per cent fall in the energy sector, 2.3 per cent for intermediate goods and 0.5 per cent for non-durable consumer goods.

Prices rose by 0.6 per cent for capital goods and by 0.9 per cent for durable consumer goods. Prices in total industry excluding energy fell by 0.8 per cent, it added.

The largest decreases were observed in Greece (-7.3 per cent), the Netherlands (-6.2 per cent), Croatia and Cyprus (both -4.8 per cent).