BRUSSELS / LONDON (IT BOLTWISE) – Eurozone producer prices fell slightly in September, pointing to a possible easing in inflation. According to Eurostat, prices fell by 0.1 percent compared to the previous month. This development could have an impact on consumer prices, as companies often pass on their cost changes to customers.
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The latest data from Eurostat shows that producer prices in the euro zone fell by 0.1 percent in September compared to the previous month. This development was expected by economists, who had forecast a decline of 0.2 percent. Year-on-year, producer prices fell by 0.2 percent, indicating a slight easing in price developments.
Producer prices are an important indicator of the future development of consumer prices, as companies usually pass on their cost changes to customers. A fall in producer prices could therefore indicate a possible easing of inflation, which is important for consumers and businesses alike.
Across the European Union, producer prices also fell 0.1 percent month-on-month, while they rose 0.1 percent year-on-year. These figures make it clear that price developments in the EU remain stable overall, although there may be regional differences.
The development of intermediate goods is particularly noteworthy, with prices stagnating compared to the previous month and falling by 0.1 percent year-on-year. For capital goods, the price remained unchanged month-on-month, while there was an increase of 1.8 percent year-on-year. These differences show that different sectors react differently to the economic conditions.
The development of producer prices also has an impact on the monetary policy of the European Central Bank (ECB), which is intended to ensure price stability in the eurozone. A moderate decline in producer prices could give the ECB more leeway for monetary policy decisions to support economic growth without increasing inflation too much.
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