Eurozone Producer Price Inflation Eases In December

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Eurozone Producer Price Inflation Eases In December

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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