Romania registers second biggest producer price increase in November

Romania remained in second position in terms of annual growth of industrial producer prices, of 11.1% in November 2008, in European Union, the advance being 2.7 times higher than the annual average growth pace of prices in the entire European Union, Eurostat informs.

The highest increase in the total index was observed in Luxemburg, of 20.9%, while Hungary ranked third with 10.8% price change.

According to data made public by the Statistical Office of the European Communities, the lowest price increases were registered in Denmark, Czech and France of 0.9%, 1.3% and 1.6% respectively, in November 2008 compared to a prior year. In Greece, the prices remained at same level as in November 2007.

In November 2008, the industrial producer prices increased by 4.1% in EU27 and 3.3% in euro area.

In November 2008, compared with November 2007, prices in total industry excluding the energy sector increased by 2.3% in the euro area and by 3.1% in the EU27 while prices in the energy sector rose by 6.3% and 6.6% respectively.

Intermediate goods gained 2.7% in the euro area and 3.6% in the EU27 and Non-durable consumer goods gained 1.9% and 2.9% respectively. Durable consumer goods increased by 2.5% and 2.7% respectively. Capital goods rose by 2.2% in the euro area and by 2.9% in the EU27.

Compared with the previous month, in Romania, the industrial producer prices fell by 1.9% in November reads Eurostat report, a similar trend being registered in EU27 where producer prices dropped by 2.1% and in euro area by 1.9%.


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