Eurozone producer prices rose in August

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Producer prices in the euro area rose in August by 0.3% from the previous month and by 4.2% compared with August last year, Eurostat reported. According to experts, the first indicator was expected to grow by 0.2%, the second one – by 3.9%. The price increase was due to more expensive energy, which rose in August by 0.9% compared to July and by 12% compared with last year. Without taking into account the cost of energy, prices did not change compared to July, and compared with the same month of 2017 - increased by 1.5%. Preliminary data from the statistical agency showed that consumer prices in the eurozone rose in September by 2.1% in annual terms.

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