Industrial producer prices in the EU28 in January rose highest in Malta (+2.3%) followed by Belgium (+2.1%), Spain (+1.8%) and Portugal (+1.7%).

According to Eurostat, the 0.8% increase in the EU28 was due to rises of 1.9% in the energy sector, of 0.9% for intermediate goods and of 0.3% for capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy rose by 0.6%.

Compared to January 2016, industrial producer prices rose by 4.3% in the EU28.

The increase was due to rises of 13.8% in the energy sector, of 2.2% for intermediate goods, of 1.7% for non-durable consumer goods, of 1.1% for capital goods and of 1% for durable consumer goods. Prices in total industry excluding energy rose by 1.8%.

The largest increases in industrial producer prices were recorded in Belgium (+13.3%), the United Kingdom (+10%) and the Netherlands (+8.4%), while decreases were observed in Luxembourg (-3.1%) and Latvia ( 1.3%).