Eurozone Producer Prices Fall For First Time In 4 Months
Eurozone producer prices declined for the first time in four months in June due to the fall in energy prices, Eurostat reported Wednesday.
Producer prices dropped 0.3 percent on a monthly basis in June, in contrast to the 0.2 percent increase in May. This was the first drop since February. Prices were forecast to fall 0.2 percent.
Excluding energy, producer prices were up 0.2 percent but slower than May’s 0.7 percent increase.
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