Economic Buzz: Eurozone producer prices up by 2.5% in September

Producer prices in the Eurozone rose 2.5% in September compared to the month before, while in the entire European Union the index climbed by 2.6% on a monthly basis, the European Commission's statistical office, Eurostat, revealed in a report released on Thursday. Year-over-year, the figure jumped 11.1% in the euro area and 10.9% in the EU.

Month-on-month, the Eurozone's energy prices surged 7.8%, the prices of durable consumer goods grew by 0.3%, non-durable consumer goods and intermediate goods both increased by 0.2%, while capital goods prices were up by 0.1%.

On a yearly basis, the euro area's energy prices soared 30.8%, followed by intermediate goods at 7.1%, durable consumer goods at 3.4%, and capital goods at 2.7%. Producer prices of non-durable consumer goods fell by 0.6%.

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