Industrial production prices dropped 1.2 per cent in the European Union (EU-28) and 0.9 per cent in the Eurozone in January 2015 compared to the month before, however Romania and Slovenia were the only EU member states where industrial production prices remained stable, the data published on Tuesday by the European Statistics Office (Eurostat) show.
According to the data, industrial production prices dropped in 23 EU member states, the steepest drops being registered in the Netherlands (-3.6 per cent), Lithuania (-3.1 per cent) and Great Britain (-2.9 per cent). The only industrial production price hikes were registered in Latvia (+0.4 per cent) Luxembourg and Malta (+0.1 per cent each).
In January 2015, industrial production prices dropped 4.1 per cent year-on-year in the EU, and 3.4 per cent year-on-year in the Eurozone. With the exception of Luxembourg, industrial production prices dropped in all member states, the steepest drops being registered in the Netherlands (-10.9 per cent), Lithuania (-10.6 per cent) and Great Britain (-9.5 per cent). Romania is among the states where industrial production prices registered some of the smallest drops (-1 per cent), drops smaller than that being registered only in Slovenia and Latvia.
According to the National Statistics Institute (INS), industrial production prices in Romania dropped an overall 0.3 per cent month-on-month in January 2015. The prices remained at the same level on the internal market but dropped 0.8 per cent on the external market. Likewise, compared to January 2014, in January 2015 overall industrial production prices (on the internal and external markets) dropped 2.1 per cent. Industrial production prices dropped 1 per cent on the internal market and 4.3 per cent on the external market.