Euro zone producer prices rise slightly less than expected in Sept

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Reuters UK

BRUSSELS (Reuters) – Euro zone producer prices rose slightly less than expected in September thanks to some deceleration of energy costs, but were still 41.9% higher than a year earlier, heralding continued upward pressure on consumer prices, data showed on Friday. The European Union’s statistics office Eurostat said industrial producer prices in the 19 countries sharing the euro rose 1.6% month-on-month in September, just below the 1.7% forecast by economists polled by Reuters. Energy prices jumped 3.3% on the month and 108.2% year-on-year, but that was a deceleration from the 11.8% monthly a…

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