Producer prices in the euro area in November 2012 decreased as expected. Eurostat announced in Luxembourg on Monday (January 7) in November 2012 that the Euro zone producer prices fell 0.2% monthly rate, which was consistent with bank economists had expected before, the annual rate of growth slowed to 2.1% compared to the last month of 2.6%. Economists had expected the annual rate of growth will reach 2.4% in November.
In November 2012, the Euro area energy sector is particularly evident decline in producer prices, a decrease of 0.7%. Excluding the energy sector, the Euro zone producer prices in November fell 0.1%.
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