The growth of producer prices in the eurozone exceeded forecasts in July

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Producer prices in the 19 eurozone countries rose 0.4% in July 2018, compared to the previous month, according to data provided by Eurostat. The rise in prices exceeded the forecasts of analysts who had expected an increase of 0.3%, due to expensive energy carriers. Compared with July last year, producer prices rose by 4%, while experts had expected growth of 3.9%. Energy grew in price in July by 1.1% per month and by 10.7% in annual terms. Excluding energy, prices rose by only 0.1% compared to June and by 1.7% against the same month a year ago.

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