Business News Asia
The European Statistical Office (Eurostat) reported that producer prices in the eurozone were slightly higher than expected in August, mainly due to rising energy costs.
According to the report, the eurozone producer price index (PPI) rose 5.0% month-on-month and 43.3% year on year in August.
Economists had expected a 4.9% month-over-month increase and a 43.1% year-over-year increase.
The PPI, which excludes energy costs, rose 0.3% in August from the previous month and 14.5% from a year earlier.