Euro area industrial producer prices rise sequentially in September

Euro area’s industrial producer prices grew 0.6 percent sequentially in September, showed Eurostat. The prices had risen 0.3 percent in the currency bloc. On a year-on-year basis, the industrial producer prices were up 2.9 percent.

The 0.6 percent rise in industrial producer prices in total industry on a sequential rise is because of the 1.5 percent rise in the energy sector, 0.4 percent in intermediate goods and 0.2 percent rise in durable consumer goods. Meanwhile prices stayed stable for capital goods and non-durable consumer goods. Prices in total industry excluding energy were up 0.1 percent.

On a year-on-year basis, industrial producer prices rose due to increases of 4.6 percent in the energy sector, rises of 3.3 percent for intermediate goods, of 2.3 percent for nondurable consumer goods, of 1 percent for capital goods and of 0.7 percent for durable consumer goods. Excluding energy, prices in total industry rose 2.2 percent.

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