Producer price growth in the euro area slowed in August

By: Trademagazin editor Date: 2021. 10. 07. 11:08

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Producer prices in the euro area rose less in August than in the previous month and than expected, according to a report published by the European Union’s statistical office, Eurostat, on Tuesday.

Producer prices in eurozone rise below expectations

In August, producer prices rose by 1.1 percent in both the euro area and the European Union from the previous month. In July, the monthly price increase was 2.5 percent in both groups of countries.

The market expected a 1.3 percent rise in euro area producer prices in August. (MTI)