Industrial producer prices slightly down in EU

Industrial producer prices fell by 0.1 percent in the European Union (EU) in May, compared with April, according to estimates published by Eurostat, the statistical office of the EU on Wednesday.
The 0.1 percent decrease is due to falls of 0.4 percent in the energy sector and of 0.1 percent for non-durable consumer goods, while prices remained stable for capital goods and durable consumer goods, and rose by 0.1 percent for intermediate goods. Prices in total industry excluding energy remained stable.
Meanwhile, industrial producer prices observed the same rate of drop in the euro zone.
The largest decreases were observed in Lithuania, Latvia and Hungary, and the highest increases in Estonia, Denmark and Spain.
In annual terms, industrial producer prices in the month decreased by 0.9 percent in the EU in comparison with May 2013, while the figure was a drop of 1.0 percent in the eurozone.