Eurozone producer prices decline slowed for a fifth consecutive month in September, marking the smallest decline since late 2011, figures from Eurostat showed Friday.
The domestic producer price index dropped 1.5 percent year-on-year following 1.9 percent slump in August, revised from 2.1 percent. Economists had forecast a 1.7 percent fall.
The latest decline was the smallest since November 2011, when prices fell at the same rate.
The pace of decline in energy prices slowed to 4.7 percent from 5.7 percent. Excluding energy, producer prices decreased 0.3 percent in September after a 0.7 percent fall.
Producer prices for intermediate goods were lower by 1.4 percent versus 1.9 percent in the previous month. Capital goods prices rose 0.4 percent following a 0.5 percent increase. Durable consumer goods prices climbed 0.9 percent, while prices of non-durables were unchanged.
Compared to the previous month, producer prices rose 0.1 percent in September, after a 0.2 percent fall in the previous month. Economists had expected prices to remain unchanged.
In the EU 28, producer prices decreased 1.1 percent annually after a 1.5 percent decline in the previous month. Month-on-month, prices rose 0.2 percent, reversing a similar size fall from the previous month.
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