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Eurozone PPI inflation accelerates more than expected

Staff Writer |
Eurozone producer price inflation accelerated at a faster-than-expected pace in September, data from Eurostat showed Monday.

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Producer prices climbed 2.9% year-over-year in September, following a 2.5% increase in August. Economists had expected the inflation to rise to 2.8%.

Moreover, the latest rate of growth was the steepest since May, when prices had grown 3.4%.

Excluding energy, producer price inflation held steady at 2.2%.

Month-on-month, producer prices went up 0.6% from August, when it increased by 0.3%. That was above the expected rise of 0.4%.

In the EU28, producer prices grew 3.3% annually and by 0.6% monthly in September.

Industrial producer prices increased in all member states. The largest increases were registered in Belgium, the Netherlands, Bulgaria, Estonia and the UK.

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