FXstreet.com (Barcelona) - Industrial producer prices have posted a larger than expected increase in the Euro Area in October pushed by a substantial rise on energy prices, according to data by Eurostat.
Producer prices have increased 0.6% in October from September, on the back of a 1.7% monthly increase in energy, excluding energy, producer prices rose 0.4%. Non durable goods prices have posted a 0.6% increase, while prices for intermediate goods increased 0.3%.
On the year, prices have risen 3.3%, with energy prices jumping 4.0% from October 2006, the same increase, 4.0% was posted by intermediate goods, while non durable consumer goods rose 3.5%.
October's figures have surpassed the experts forecasts of a 0.4% monthly increase and a 3.0% rise on the year. In September, producer prices recorded a 0.4% increase on the month, and a 2.7% rise on the year.