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Financial News: Eurozone Producer Price Inflation Slows For First Time

Eurozone Producer Price Inflation Slows For First Time In 4 Months

10/02/2018 - 06:12:00 (RTTNews)

(RTTNews) - Euro area producer price inflation slowed for the first time in four months during August, preliminary data from the statistical office Eurostat showed on Tuesday.

Industrial producer prices on the domestic market rose 4.2 percent year-on-year following 4.3 percent in July, which was revised from 4 percent. Economists had expected a 3.80 percent increase. Inflation eased for the first time since April.

Energy sector prices rose 12 percent and the intermediate goods segment saw a 3.2 percent increase. Durable consumer goods prices climbed 1.3 percent and prices were stable for non-durable consumer goods.

On a month-on-month basis, producer prices climbed 0.3 percent in August after a 0.7 percent rise in the previous month, which was revised from 0.4 percent. Economists had forecast a 0.2 percent gain. The latest pace was the weakest since a stagnation in April.

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