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Euro zone producer prise rise more than expected on energy

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Euro zone producer prices rose more than expected in October on the back of rising energy costs, fresh data from Eurostat, the EU's statistics agency, showed on Tuesday.Prices at factory gates in the 19 countries sharing the euro rose 0.8 percent month-on-month in October against market expectations for a 0.5 percent rise in a Reuters poll of economists.Year-on-year, producer prices rose by 4.9 percent in October, against market expectations for a 4.5 percent gain.Energy prices rose 2.7 percent on the month and 14.6 percent on the year as crude prices rose.Still, the ...

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First Published: Tue, December 04 2018. 16:00 IST