Euro Area Producer Prices Jump 2.5% in September as Energy Costs Surge 7.8%
Updated
Updated · European Commission · Nov 5
Euro Area Producer Prices Jump 2.5% in September as Energy Costs Surge 7.8%
3 articles · Updated · European Commission · Nov 5
Summary
September industrial producer prices rose 2.5% from August in the euro area and 2.6% across the EU, accelerating from August gains of 2.0% and 1.9%, Eurostat said.
Energy drove the increase, with monthly producer prices up 7.8% in the euro area and 7.7% in the EU; excluding energy, total industry prices edged up just 0.1% and 0.2%.
Annual producer-price inflation reached 11.1% in the euro area and 10.9% in the EU, with energy prices soaring 30.8% and 30.0% from a year earlier.
Bulgaria posted the biggest monthly rise at 4.6%, ahead of Lithuania at 4.2% and Greece and Spain at 3.9%, while Luxembourg and Malta were flat.
The data point to broad industrial cost pressure still centered on energy, even as non-durable consumer goods prices were 0.6% lower than a year earlier in both regions.