Euro-area producer prices rose 1.9% in August as a sharp increase in energy costs pushed overall producer InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More higher. The data highlights renewed cost pressures for businesses and could add to concerns about inflation across the euro area.
Euro-area industrial producer prices rose 1.9% in August from July and 8.2% from a year earlier, Eurostat said. Energy prices were the main monthly driver, jumping 5.6%, while prices excluding energy increased only 0.2%. On an annual basis, energy producer prices were 21.0% higher and total industry excluding energy was up 3.4%. The figures add evidence that the latest energy shock is feeding rapidly into upstream costs, increasing scrutiny of how much producer-PriceThe most recent agreement between a buyer and a seller. It is not a prediction; it is the market’s latest handshake.Read More pressure ultimately reaches consumer inflation and European Central bankThe institution that sets monetary policy for a country or currency area, including interest-rate decisions that can move currencies.Read More policy.
