European Union Producer Prices Fall

     In December 2008 compared with November 2008, the industrial producer price index1 fell by 1.3% in the euro area and by 1.4% in the EU27. In November, prices decreased by 2.0% in both zones. In December 2008 compared with December 2007, industrial producer prices rose by 1.8% in the euro area and by 2.6% in the EU27. The average industrial producer price index for 2008, compared with 2007, increased by 6.2% for the euro area and by 8.1% for the EU27.

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