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In January 2015, Lithuania saw the second largest fall of industrial producer prices on the domestic market in the European Union (EU) as they dropped by 3.1 percent. The country also experienced the second biggest decrease of industrial producer prices on a year-on-year basis (-10.6 percent), both time surpassed only by the Netherlands, Eurostat, the statistical office of the EU, reports.
Lithuania sees second-largest fall of industrial producer prices in EU
© DELFI / Mindaugas Ažušilis

In January 2015, compared with December 2014, industrial producer prices fell by 0.9 percent in the euro area (EA19) and by 1.2 percent in the EU28. In December 2014prices decreased by 1 percent in the euro area and by 1.1 percent in the EU28.

In January 2015, compared with January 2014, industrial producer prices fell by 3.4 percent in the euro area and by 4.1 percent in the EU28. The 0.9 percent decrease in industrial producer prices in total industry in the euro area in January 2015, compared with December 2014, is due to falls of 3.2 percent in the energy sector, of 0.5 percent for intermediate goods and of 0.2 percent for non-durable consumer goods, while prices rose by 0.2 percent for capital goods and by 0.3 percent for durable consumer goods. Prices in total industry excluding energy decreased by 0.2 percent.

In the EU28, the 1.2 percent decrease is due to falls of 4.8 percent in the energy sector, of 0.4 percent for intermediate goods and of0.2 percent for non-durable consumer goods, while prices rose by 0.2 percent for durable consumer goods and by 0.3 percent for capital 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 the Netherlands (-3.6 percent), Lithuania (-3.1 percent), the United Kingdom (-2.9 percent) and Ireland (-2.6 percent). Industrial producer prices increased only in Latvia (+0.4 percent), Luxembourg and Malta (both +0.1 percent), while they remained stable in Romania and Slovenia.

The 3.4 percent decrease in industrial producer prices in total industry in the euro area in January 2015, compared with January 2014, is due to falls of 10.2 percent in the energy sector, of 1.6 percent for intermediate goods and of 1.1 percent for non-durable consumer goods, while prices rose by 0.7 percent for capital goods and by 1 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.7 percent.

In the EU28, the 4.1 percent decrease is due to falls of 14.1 percent in the energy sector, of 1.4 percent for intermediate goods and of1.3 percent for non-durable consumer goods, while prices rose by 0.7 percent for durable consumer goods and by 0.8 percent for capital goods. Prices in total industry excluding energy fell by 0.7 percent.

Industrial producer prices fell in all member-states, except in Luxembourg (+1.4 percent). The largest decreases were observed in the Netherlands (-10.9 percent), Lithuania (-10.6 percent), the United Kingdom (-9.5 percent), Belgium (-8.4 percent), Greece (-7.7 percent) and Denmark (-7.1 percent).

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