The rise in producer prices in the euro zone has weakened somewhat from a high level. In September, the prices that manufacturers receive for their goods increased by 41.9 percent over the year, according to the statistics office Eurostat on Friday. In the previous month, the increase had reached a record level of 43.4 percent.
Producer prices again rose particularly sharply in the energy sector. Compared to the same month last year, energy prices rose by 108.2 percent. Compared to the previous month, energy prices rose by 3.3 percent. Intermediate goods, which are particularly important for production, rose strongly year-on-year. However, the rise in prices here has been weakening for a few months.
Producer prices capture producer-level price pressure by reflecting producer selling prices. The development usually also affects consumer prices, which the European Central Bank (ECB) bases its monetary policy on. In view of the inflation, the ECB raised its key interest rate last week.
