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- Eurozone producer price index rose more than expected in October
Eurozone producer price index rose more than expected in October
According to the report from Eurostat, in October 2020, industrial producer prices rose by 0.4% in the euro area and by 0.3% in the EU, compared with September 2020. Economists had expected a 0.2% increase in the euro area. In September 2020, prices increased by 0.4% in the euro area and by 0.3% in the EU.
In October 2020, compared with October 2019, industrial producer prices decreased by 2.0% in both the euro area and the EU.
Industrial producer prices in the euro area in October 2020, compared with September 2020, increased by 1.4% in the energy sector and by 0.1% for intermediate goods, capital goods and non-durable consumer goods, while prices remained stable for durable consumer goods. Prices in total industry excluding energy increased by 0.1%.
In the EU, industrial producer prices increased by 0.8% in the energy sector, by 0.2% for intermediate goods and by 0.1% for capital goods and non-durable consumer goods, while prices remained stable for durable consumer goods. Prices in total industry excluding energy increased by 0.1%.
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