Producer prices declined in the euro area and in the EU in August

In August, the producer prices decreased in both the euro zone and in the European Union, after the rise in the previous month – Eurostat reported on Tuesday.

In August compared to the previous month, industrial producer prices fell by an average of 0.2 percent in the 19 members of the euro-zone and in the 28 Member States of the European Union. In July, the rise in prices was 0.3 percent in both regions.

Compared to the previous year, industrial producer prices decreased by 2.1 percent in the euro zone and by 1.6 percent in the by European Union in August this year. (MTI)