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- Eurozone producer price index rose more than expected in November
Eurozone producer price index rose more than expected in November
According to the report from Eurostat, in November 2020, industrial producer prices rose by 0.4% in both the euro area and the EU, compared with October 2020. Economists had expected a 0.1% increase in the euro area. In October 2020, prices increased by 0.4% in the euro area and by 0.3% in the EU.
In November 2020, compared with November 2019, industrial producer prices decreased by 1.9% in the euro area and by 1.8% in the EU. Economists had expected a 2.2% decrease in the euro area.
Industrial producer prices in the euro area in November 2020, compared with October 2020, increased by 1.3% in the energy sector, by 0.3% for intermediate goods and by 0.1% for durable consumer goods, while prices remained stable for capital goods and non-durable consumer goods. Prices in total industry excluding energy increased by 0.1%.
In the EU, industrial producer prices increased by 1.4% in the energy sector, and by 0.2% for intermediate goods and durable consumer goods, while prices remained stable for non-durable consumer goods and decreased by 0.1% for capital goods. Prices in total industry excluding energy increased by 0.1%.
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