Industrial producer prices in Lithuania down 1.1 percent

In November 2014, compared with November 2013, industrial producer prices fell by 1.6 percent in the euro area and by 1.8 percent in the EU.

In November 2014, compared with October 2014, industrial producer prices in total industry in Lithuania fell decreased by 1.1 percent. Meanwhile, in November 2014, compared with November 2013, they decreased in Lithuania by 6.6 percent, the most in the EU.

The 0.3 percent decrease in industrial producer prices in total industry in the euro area in November 2014, compared with October 2014, is due to falls of 0.7 percent in the energy sector, of 0.3 percent for intermediate goods and of 0.1 percent for nondurable consumer goods, while prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy decreased by 0.2 percent.

In the EU, the 0.4 percent decrease is due to falls of 1.2 percent in the energy sector, of 0.3 percent for intermediate goods and of 0.1 percent for non-durable consumer goods, while prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.1 percent.

Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Greece and Cyprus (both -1.4 percent), Ireland (-1.3 percent), Estonia (-1.2 percent), Spain, Lithuania and the Netherlands (all -1.1 percent). Industrial producer prices only increased in Slovakia (+0.3 percent), while prices remained stable in Germany.

The 1.6 percent decrease in industrial producer prices in total industry in the euro area in November 2014, compared with November 2013, is due to falls of 5.0 percent in the energy sector, of 0.8 percent for non-durable consumer goods and of 0.6 percent for intermediate goods, while prices rose by 0.6 percent for capital goods and by 1.1 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.2 percent.

In the EU, the 1.8 percent decrease is due to falls of 6.5 percent in the energy sector, of 0.9 percent for non-durable consumer goods and of 0.4 percent for intermediate goods, while prices rose by 0.7 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.2 percent.

Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Lithuania (-6.6 percent), the Netherlands (-4.5 percent), Denmark (-4.2 percent), Belgium (-3.9 percent) and the United Kingdom (-3.8 percent). The only increases were recorded in Romania (+0.5 percent) and Bulgaria (+0.3 percent).