Producer prices in the euro area have risen more than expected

The EU’s Statistical Office the Eurostat announced on Tuesday that producer prices in August increased by 0.3 percent in the 19 member states of the euro area, compared to the previous month and also with 0.3 percent in the 28 EU Member States.

The market expected a smaller 0.2 percent growth in August in the euro area.
The monthly price increase was 0.7 percent in July in the euro area and 0.5 percent in the European Union. (MTI)