Eurozone PPI beats expectations at 0.4% mom on energy surge

Eurozone producer prices rose more than expected in July, with PPI up 0.4% mom and 0.2% yoy, compared with consensus of 0.2% mom and 0.1% yoy. The data suggest some renewed pipeline pressures, largely driven by energy. Across the wider EU, PPI increased 0.6% mom and 0.1% yoy. Overall, the figures indicate modest upward pressure […]

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