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- Eurozone producer price index rose less than forecast in August
Eurozone producer price index rose less than forecast in August
According to the report from Eurostat, in August 2021, industrial producer prices rose by 1.1% in both the euro area and the EU, compared with July 2021. Economists had expected a 1.3% increase in the euro area. In July 2021, prices increased by 2.5% in both the euro area and the EU. In August 2021, compared with August 2020, industrial producer prices increased by 13.4% in the euro area and by 13.5% in the EU.
Industrial producer prices in the euro area in August 2021, compared with July 2021, increased by 2.0% in the energy sector, by 1.4% for intermediate goods, by 0.5% for capital goods, by 0.3% for durable consumer goods and by 0.2% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.7%. In the EU, industrial producer prices increased by 2.1% in the energy sector, by 1.4% for intermediate goods, by 0.5% for capital goods and for durable consumer goods and by 0.3% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.8%.
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