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Reply #24: Euro zone PPI up less than expected in October [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 08:11 AM
Response to Reply #23
24. Euro zone PPI up less than expected in October

(Reuters) - Euro zone producer prices rose less than expected month-on-month in October and core producer prices fell, data showed on Friday, as the rise in energy costs was partially offset by a drop in prices of intermediate goods.

The European Union's Statistics Office Eurostat said prices at factory gates in the 17 countries using the euro rose 0.1 percent month-on-month in October for a 5.5 percent year-on-year gain. Economists polled by Reuters had expected a 0.2 percent monthly rise.

Without the volatile construction and energy prices, or what some economists call core producer price inflation, prices fell 0.1 percent month-on-month. Energy prices rose 0.8 percent against September and 12.4 percent year-on-year.

Producer prices are a good indication of inflationary pressures awaiting consumers, because increases in prices at factory gates are usually passed on to them.
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