According to the European Statistical purchasing prices in industry fell significantly in October this year as compared to September. In the Eurozone (EZ15) prices fell by 0.8% and in the EU27 by 1.4%. In September this year prices had already decreased by 0.3% and 0.4% respectively. As compared to October 2007 the changes were +6.3% in the Eurozone and +7.3% in the EU27.
In the energy sector prices fell by 2.0% and 4.0% respectively in the period from September to October 2008. Purchasing prices in all other industrial sectors fell by 0.4% in both the Eurozone and the EU27. Prices for consumer durables increased by 0.3%. For investment goods prices remained unchanged in the Eurozone and increased by 0.1% in the EU27. In both regions prices for consumer goods and intermediate inputs fell by 0.1% respectively.
Among member states which made data available the purchasing price index increased only in Hungary (+1.2%), Slovakia (+0.9%), Ireland (+0.4%) and Cyprus (+0.1%). The most significant reductions of this index were registered in Denmark (-5.1%), Great Britain (-4.2%) and Greece (-2.8%). In Germany prices remained unchanged.
As compared to October 2007, purchasing prices increased by 3.2% in the Eurozone and by 3.9% in the EU27. Prices in the energy sector increased by 15.8% and 16.9% respectively. For intermediate inputs prices increased by 4.4% in the Eurozone and by 5.1% in the EU27. For consumer goods the respective changes were +2.7% and +3.6%. Prices for consumer durables increased by 2.7% and 2.8% respectively and for investment goods by 2.2% and 2.8% respectively.