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Eurozone industrial producer prices fall in November

Xinhua, January 8, 2015 Adjust font size:

Industrial producer prices of the eurozone fell by 0.3 percent in November 2014, compared with that of October 2014, the statistical office of the European Union Eurostat said on Thursday.

The latest data also showed that industrial producer prices of the European Union (EU) fell by 0.4 percent in the same period.

Compared with November 2013, industrial producer prices fell by 1.6 percent in the eurozone and by 1.8 percent in the EU.

The decreases are mostly contributed to the price declining in energy sector, which showed more than 0.5 percent declining in both area.

Industrial producer prices fell in nearly all EU Member States, with the largest decreases observed in Greece and Cyprus, both at -1.4 percent , Ireland at -1.3 percent, Estonia -1.2 percent, Spain, Lithuania and the Netherlands all at -1.1 percent. Endit