Euro Area Industrial Producer Prices See Marginal Rise
In October 2023, the industrial producer prices in both the euro area and the European Union (EU) experienced a slight increase of 0.2% compared to September 2023. This aligns with market expectations, maintaining the trend observed in September, where a 0.5% rise was recorded.
Sector-Wise Price Fluctuations
The monthly comparison shows a varied landscape across different sectors. In the euro area, the energy sector saw a notable increase of 1.0%, while durable consumer goods edged up by 0.1%.
However, there was a stagnation in capital goods prices, and decreases were observed in non-durable consumer goods and intermediate goods, leading to a 0.2% decrease in total industry excluding energy. The EU mirrored this trend, with a 0.6% increase in energy prices but a decrease in…
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