Euro-Area Producer-Price Inflation Slows More Than Estimated
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Euro-area producer-price inflation slowed more than economists estimated in November as easing energy-cost growth offset higher prices for intermediate and capital goods.
Factory-gate prices in the 17-nation euro region rose 2.1 percent from a year earlier after a 2.6 percent increase in October, the European Union’s statistics office in Luxembourg said today. Economists had forecast an increase of 2.4 percent, the median of 13 estimates in a Bloomberg News survey showed. From the prior month, prices fell 0.2 percent.