Eurozone PPI Hits 11.1% as Energy Drives Inflation, While Non-Energy Prices Barely Rise - Action Forex

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Eurozone industrial producer price inflation accelerated sharply in September, with PPI rising from an upwardly revised 8.3% to 11.1% yoy , exceeding market expectations of 10.9%. On a monthly basis, producer prices increased from an upwardly revised 2.0% to 2.5%, matching consensus. The acceleration extended the recent increase in producer-level inflation, with the annual rate having risen from 5.8% in July. However, the latest surge was overwhelmingly concentrated in energy , while monthly price increases across the rest of the industrial sector remained subdued. Energy producer prices jumped from 5.6% to 7.8% mom , while annual energy inflation accelerated from 21.0% to 30.8% . By contrast, producer prices excluding energy rose just 0.