Eurozone industrial producer prices continue to fall

Industrial producer prices fell by 0.3 percent in the euro area in October, after a decrease of 0.4 percent the previous month, Eurostat said on Wednesday.

The statistical office of the EU said the 0.3 percent decrease was due to price falls of both intermediate goods and energy and non-durable consumer goods, while prices remained stable for both capital goods and durable consumer goods.

The largest decreases in industrial producer prices were observed in Ireland, Spain and Hungary.

The only increases were observed in Sweden, Denmark, Estonia and France.

Compared with the same month last year, industrial producer prices fell by 3.1 percent in the euro area. Endit