In July of this year, producer prices in the eurozone decreased by 7.6% compared to July last year. Thus, the indicator decreased for the third month in a row, and at the highest pace since 2009. Analysts also expected a decrease of 7.6%. Such a sharp decrease in prices is due to a high comparison base due to a significant increase in energy prices last year. In July of this year, energy prices fell by 24.2% compared to last year. In particular, the cost of means of production increased by 4.7%, and prices for consumer goods of durable and non-durable use increased by 5.1% and 7.6%, respectively. It is also noted that on a monthly basis, producer prices in the eurozone decreased by 0.5%. This indicator has been falling for the seventh month in a row.
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