Eurozone producer price inflation highest since February 2023 - Yahoo Finance

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Producer price inflation in the eurozone accelerated further in September to the highest level in just over three-and-a-half years amid soaring energy costs, data from Eurostat revealed on Thursday. Producer prices surged 11.1% yearly in September, faster than the 8.3% rise in August. The expected inflation rate was 10.9%. Moreover, this was the highest rate since February 2023, when prices rose 12.7%. Within producer prices, energy prices showed the biggest growth in September, up 30% from last year. Prices of intermediate goods increased 7.1%, and capital goods prices moved up 2.7%. Prices of durable consumer goods rose 3.4%, while non-durable consumer goods prices fell 0.6%. Excluding energy, producer prices rose 3.5% after rising 3.