Eurozone PPI Surges 1.6% M/M as Energy Drives Renewed Producer Inflation

Eurozone producer prices accelerated sharply in July, with PPI swinging from -0.3% to +1.6% m/m, above 1.2% consensus. Annual producer inflation also rose from 4.6% to 5.8% y/y. Energy accounted for most of monthly jump, with prices rebounding from -1.5% to +5.6% m/m, while total industry excluding energy slowed from +0.2% to 0.0% m/m. Annual […] The post Eurozone PPI Surges 1.6% M/M as Energy Drives Renewed Producer Inflation appeared first on ActionForex.