Eurozone PPI Re-Accelerates as Energy Shock Spills Into Broader Producer Costs

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Eurozone producer-price inflation accelerated sharply in August, with industrial producer prices rising from 1.6% to 1.9% m/m and from 5.8% to 8.2% y/y. July’s readings were unrevised. Energy remained the dominant driver, with energy producer prices increasing 5.6% m/m and 21.0% y/y, accounting for much of the renewed headline pressure. Underlying price pressures also firmed. […]The post Eurozone PPI Re-Accelerates as Energy Shock Spills Into Broader Producer Costs appeared first on ActionForex.