2 DECEMBER 2011

PRODUCER PRICES rose a steep +0.5% in October month-on-month, according to national statistics, spiked by extractive industries, electricity and waste +3.5% increase while stable manufactured products prices offset the seasonal upward trend.
Coke and refinery producer prices grew +0.4% despite Brent crude oil prices -1.7% cut expressed in Euro and a further -2% in currency due to trading markets swings on global economic slow down concerns.

Domestic food producer prices +0.3% gain equally failed to reflect commodity -5.9% dip and even more so on external markets where producer prices rose +0.7%. Electric electronic equipment IT and machinery producer prices stayed unchanged and despite precious metals -11.4% price decline while transport equipment producer prices edged up +0.2% unlike non ferrous metals -8.4% price cut.  Other industrial products producer prices fell -0.2% and on external markets -0.4%.
  
In the Euro area, and according to Eurostat, producer prices stayed unchanged as Intermediate Goods prices dipped -0.4% and Durable Goods prices rose a mere +0.2% unlike energy prices +0.8%. Non Durable and Capital Goods producer prices remained stable. Spain kept producer prices steady,  Germany‘s edged up +0.2% while Italy‘s fell -0.2% In the UK producer prices moved down to +0.4% (from +1%)

In one year, domestic producer prices soared +6.5% (+5.8% according to Eurostat data) and in the Euro area +5.5%. Domestic coke and refinery producer prices shot up +26.4% while energy producer prices in the Euro area increased +12.4%. Extractive industries, energy and water producer prices mechanically grew +7.5% due to this month increase and, manufactured products prices rose over twofold external markets prices +3.3% hike. Other  industrial products producer prices +4.6% performed equally compared with external markets +4.6% price tag increase .

Domestic food prices steep +5.4% rise by contrast grew one percentage point below external markets while the biggest price discrepancy was recorded by transport equipment, +0.5% on external markets compared with +2.8% on the domestic market.

The Euro area's Intermediate Goods producer prices shed one percentage point to +4.2%, Capital Goods rose +1.5% for the fourth consecutive month, Durable grew +2.5% and Non Durable +3.5%

Germany's producer prices climbed +5.3%, Italy's +4.7% for the third consecutive month and Spain's moved down by half a percentage point to +6.5%. In the UK prices fell one and half percentage point to +11.7%