The purchase price index in industry for the Eurozone (EZ15) and the EU27 fell by 1.9% and 2.1% respectively in November 2008 as compared to October 2008. In October the respective changes as compared to September had been -0.8% and -1.1%. In comparison with November 2007 purchase prices increased by 3.3% and 4.1% in the Eurozone and EU27 respectively in November 2008, according to the European Statistical Office (Eurostat).
Monthly changes
In comparison with October 2008 purchase prices in industry (without energy sector) fell by 0.8% in the Eurozone and by 0.6% in the EU27. In the energy sector, purchase prices decreased by 5.1% and 5.8% respectively. Prices for investment goods increased by 0.1% in the Eurozone and by 0.2% in the EU27. Prices for consumer durables remained unchanged in both regions. Purchase prices for consumer goods decreased by 0.4% and 0.3% respectively. For intermediate inputs the respective changes were -1.6% and -1.3%.
Purchase prices in industry fell in all EU member states which have already made data available. The biggest price drops were registered in Denmark (-5.8%), Greece and the Netherlands (-3.7% each), and the smallest decreases in Slovakia, Sweden (-0.1% each) and Luxembourg (-0.2%).
Annual changes
Purchase prices increased by 2.3% and 3.1% respectively (without energy sector) in November 2008 as compared to November 2007. In the energy sector, prices changed by +6.3% and +6.6% respectively. Prices for intermediate inputs grew by +2.7% in the Eurozone and by 3.6% in the EU27. For consumer durables the respective changes were +2.5% and +2.7%. Investment goods became by +2.2% and +2.9% more expensive. Purchase prices for consumer goods grew by +1.9% and +2.9% respectively.
Among those EU member states which made data available purchase prices increased most in Luxembourg (+20.9%), Romania (+11.1%) and Hungary (+10.8%) and least in Denmark (+0.9%), the Czech Republic (+1.3%) and France (+1.6%). In Greece prices remained unchanged. 