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8/3, 11:00 AM (Source: TeleTrader)
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Producer prices in euro area rise 1.4% in June

Industrial producer prices in the euro area moved up by 1.4% in June compared to the previous month, according to estimates from Eurostat published on Tuesday. In the European Union, the prices grew at the same pace.

The greatest contribution to the rise was the jump of 3.3% in the energy sector, followed by a 1.3% increase in the prices of intermediate goods and a 0.4% uptrend in capital goods. Meanwhile, the largest monthly movements in industrial producer prices were registered in Denmark and Estonia, with prices climbing 5.1% and 4.6%, respectively.

Annually, industrial producer prices soared 10.2% in the euro area and 10.3% in the bloc.

Breaking the News / BU