The producer prices provide an indication of the development of consumer prices.
(Photo: dpa)
Berlin, Brussels Manufacturers’ prices in the euro area are no longer rising quite as rapidly. Producer prices in industry rose by 41.9 percent in September compared to the same month last year, according to the statistics office Eurostat on Friday.
Economists polled by Reuters had expected an increase of 42.0 percent. In August the increase was still 43.4 percent – a record value.
In the energy sector alone, prices rose by 108.2 percent in September compared to the same month last year. Excluding this area, producer prices in industry rose by 14.5 percent. In August, this value was 14.6 percent.
In the statistics, the prices are listed from the factory gate – i.e. before the products are further processed or sold. You can thus give an early indication of the development of consumer prices.
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