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Economic Buzz: Eurozone producer prices see annual fall of 1.2% in November
08-Jan-2025 17:42
Eurozone producer prices decline moderated in November amid a slowdown in the fall of energy costs, data from Eurostat showed Wednesday. Producer prices registered an annual fall of 1.2 percent after a 3.3 percent decrease in October. This was the weakest drop since May 2023. Among major components of producer prices, energy saw biggest annual fall of 5.3 percent but was slower than the 11.2 percent slump in the prior month. Prices of intermediate goods dropped 0.3 percent. Meanwhile, capital goods and non-durable consumer goods prices grew 1.3 percent and 1.9 percent, respectively. Durable consumer goods moved up 0.6 percent.

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