By Tuba Ongun
Eurozone industrial producer prices fell annually at the steepest pace on record in September, according to data released on Tuesday.
Producer prices decreased year-on-year for the fifth consecutive month in September, diving 12.4%, Eurostat data showed.
The slump was mainly led by a significant decline in energy prices with 31.3% from last year in September. Prices for intermediate goods dropped 4.8% during the same period.
Prices increased by 3.9% for capital goods, by 4.3% for durable consumer goods and by 5.5% for non-durable consumer goods.
Excluding energy, prices in total industry grew by 0.5% from a year earlier in September.
In the EU, industrial producer prices plunged 11.2% on an annual basis in September, accelerating from a 10.5% fall in August.
On a monthly basis, industrial producer prices in September rose by 0.5% in the euro area and by 0.6% in the EU.