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More deflation fears as eurozone industrial producer prices fall

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By Euronews
More deflation fears as eurozone industrial producer prices fall
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There’s evidence of more deflationary pressure in the eurozone.

Industrial producer prices in August recorded their steepest decline since January, falling by 2.6 percent year-on-year and by 0.8 percent compared to July – more than expected.

The figures give an early indication of consumer inflation trends, as prices charged by industrial producers tend to have a knock-on effect in the shops.

Prices of durable consumer goods increased slightly in August but this was more than offset by another fall in energy prices – down by 2.6 percent month-on-month, 8.2 percent lower than a year earlier.