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Eurozone Producer Price Inflation Eases In December


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Eurozone Producer Price Inflation Eases In December

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Eurozone producer price inflation eased as expected in December, the latest figures from Eurostat showed Thursday.

The producer price index for the total industry, excluding construction, rose 4.3 percent year-on-year, slower than 5.4 percent rise in the preceding month.

Prices in intermediate goods industry grew 2.8 percent year-on-year, while energy prices climbed 9.5 percent. Prices of capital goods were 1.5 percent higher than December 2010.

On a monthly basis, the index fell 0.2 percent compared to expectations of a 0.1 percent fall. The average industrial producer price index for 2011, compared with 2010, increased 5.9 percent.

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