logo
Plus   Neg
Share
Email

Eurozone Producer Price Inflation Unexpectedly Rises In October

Eurozone producer price inflation accelerated further in October, defying expectations, figures from Eurostat showed Tuesday.

Producer prices rose 4.9 percent year-on-year after a revised 4.6 percent in September. Economists had expected the rate to remain unchanged at September's original figure of 4.5 percent.

Energy sector prices jumped 14.6 percent. Prices for intermediate goods climbed 2.6 percent and those for capital goods and durable consumer goods rose 1.2 percent each. Prices for non-durable consumer goods were unchanged.

On a month-on-month basis, producer prices increased 0.8 percent after a 0.6 percent rise in September. Economists had forecast a 0.5 percent climb.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT