- Prior +1.6%
- PPI +30.8% vs +31.5% y/y expected
- Prior +41.9%
Euro area producer prices fell more than expected in October and that is a welcome sign that perhaps inflation pressures may ease further in the months ahead. It marks the first time that producer prices have declined on a monthly basis since May 2020. Looking at the details, a 6.9% drop in energy price was the main drag for overall prices.
This article was originally published by Forexlive.com. Read the original article here.
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