Producer prices in the Eurozone rose by 0.4% in October 2024. This increase follows a 0.6% decline in September and aligns with market expectations.
- Energy prices rebounded, increasing by 1.4% after a 1.9% fall.
- Durable consumer goods prices continued to rise, up by 0.3%.
- Non-durable consumer goods prices increased by 0.2%.
- Capital goods prices remained unchanged.
Energy and Consumer Goods Drive Prices High
Energy prices saw a significant rebound, climbing by 1.4% after a 1.9% decrease in September. Prices for durable consumer goods rose by 0.3%, and non-durable consumer goods increased by 0.2%. Capital goods prices stayed the same as in the previous month.
In the Eurozone’s largest economies, producer prices showed mixed trends. Italy experienced a 1% increase, France saw a 0.9% rise, and Germany had a modest 0.2% growth.
However, producer prices in Spain fell slightly by 0.1%. On a yearly basis, producer prices in the Eurozone decreased by 3.2%, following a previous drop of 3.4%.
