Eurozone PPI at 0.1% mom, -0.5% yoy in October, diminishing upstream inflation

Eurozone PPI edged up 0.1% mom in October but fell -0.5% yoy, coming in softer than expectations of -0.4% yoy. The monthly gain in Eurozone PPI reflected modest increases across most major categories, including intermediate goods, energy, capital goods and durable consumer goods, each rising 0.1%. Non-durable consumer goods were the exception, slipping -0.2% and […]

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