Euro zone producer prices accelerate in May By Reuters
BRUSSELS (Reuters) - Euro zone producer prices accelerated in May, driven by a surge in energy prices, data from the European Union's statistics office Eurostat showed on Friday. Eurostat said prices at factory gates in the 19 countries sharing the euro rose 1.3% month-on-month for a 9.6% year-on-year increase. Changes in prices at factory gates are usually transmitted to final consumers and therefore herald trends in inflation that the European Central Bank targets with its monetary policy. Euro zone inflation eased in June to 1.9%, levelling off for the summer months before an expected move well...
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