POST Online Media Lite Edition



 

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.

Article continues below






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.


What to read next

Eurozone inflation rises in line with expectations
Eurozone inflation eases slightly in June
Eurozone inflation revised up to 0.0% in March