Euro zone Aug producer prices rise slightly more than expected
FILE PHOTO: People enjoy an evening drink at Place de la Contrescarpe in Paris as cafes, bars and restaurants reopen after closing down for months amid the coronavirus disease (COVID-19) outbreak in France, May 19, 2021. REUTERS/Sarah Meyssonnier/File Pho
BRUSSELS (Reuters) - Euro zone producer prices jumped slightly more than expected in August, data showed on Tuesday, driven mainly by continuously rising energy costs, but price increases excluding that most volatile component decelerated.
The European Union's statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose 5.0% month-on-month for a 43.3% year-on-year surge.
Economists polled by Reuters had expected a 4.9% monthly rise and a 43.1% annual increase.
Rocketing energy prices were the main driver of the overall index, rising 11.8% on the month and 116.8% year-on-year.
Without energy, producer prices rose only 0.3% month-on-month and 14.5% year-on-year in August, decelerating from 0.6% monthly and 15.1% annual rises the month before.
(Reporting by Jan Strupczewski; editing by Philip Blenkinsop)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Five things to watch in markets in the week ahead
- Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
- Next Artemis mission on track for 2027, but anything can happen, astronaut says
Create E-mail Alert Related Categories
ReutersRelated Entities
Raising PricesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!





Tweet
Share