By comparison, the index grew by 0.4% in the euro area (EA19), and by 0.3% in the EU28.

In July 2018, compared with July 2017, industrial producer prices rose by 4.0% in the euro area, 4.7% in the EU28, and 2.8% in Cyprus.

According to Eurostat, the 0.4% increase in industrial producer prices in total industry in the euro area in July 2018, compared with June 2018, is due to rises of 1.1% in the energy sector and of 0.1% for intermediate goods, capital goods, durable and non-durable consumer goods.

Prices in total industry excluding energy rose by 0.1%. In the EU28, the 0.3% increase is due to rises of 0.8% in the energy sector and of 0.1% for intermediate goods, capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy also rose by 0.1%.

The industrial producer price index measures the gross monthly change in the trading price of industrial products.

Source: Cyprus Mail