Bulgaria with EU's Largest Surge of Industrial Producer Prices Y/Y

Bulgaria in EU | January 7, 2013, Monday| 1207 views

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Bulgaria Sees EU's Largest Surge of Industrial Producer Prices Nov 2012 Y/Y: Bulgaria with EU's Largest Surge of Industrial Producer Prices Y/Y

Bulgaria observed the largest annual increase of its industrial producer price index among all EU member states in November 2012 (+6.4%)

In November 2012, the largest annual increase in the EU in the total industrial producer price index was observed in Bulgaria, according to Eurostat, the statistical office of the European Union.

In November 2012, compared with November 2011, industrial producer prices gained 2.1% in the Eurozone and 1.9% in the EU.

In November 2012, compared with October 2012, the industrial producer price index fell by 0.2% in both the Eurozone and the EU. In October, prices rose by 0.1% in both zones.

In November 2012, compared with the previous month, prices in total industry excluding the energy sector fell by 0.1% in the Eurozone and remained stable in the EU. Prices in the energy sector fell by 0.7% in the Eurozone and by 1.1% in the EU.

In both zones, intermediate goods decreased by 0.2%, while capital goods gained 0.1%. Durable consumer goods increased by 0.1% in the Eurozone and remained stable in the EU. Non-durable consumer goods rose by 0.1% in the Eurozone and by 0.2% in the EU.

Among the Member States for which data are available, the largest decreases in the total index, on monthly basis, were recorded in Greece (-0.9%), Lithuania, Hungary and Portugal (all -0.6%), and the highest increases in Denmark (+0.7%), Belgium (+0.6%) and Ireland (+0.4%).

In November 2012, compared with November 2011, prices in total industry excluding the energy sector increased by 1.5% in both the Eurozone and the EU. Prices in the energy sector rose by 4.1% and 2.9% respectively.

Non-durable consumer goods gained 2.3% in the Eurozone and 2.6% in the EU. Intermediate goods rose by 1.4% in the Eurozone and by 1.2% in the EU. Durable consumer goods gained 1.1% in both zones. Capital goods increased by 1.0% in the Eurozone and by 0.9% in the EU.

Among the Member States for which data are available, in the largest increases in the total index Bulgaria (+6.4%) is followed by Cyprus (+5.6%), Belgium and Romania (both +5.3%).

The smallest increases were registered in Austria (+0.3%), Hungary (+0.6%), Malta (+0.9%) and the United Kingdom (+1.1%). The only decrease was recorded in Sweden (-1.6%).