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Eurozone producer prices fell 0.6% yearly in August, first drop in nine months, led by a 4.1% energy price plunge.
Eurozone producer prices fell 0.6% year-on-year in August, the first decline in nine months, driven by a 4.1% drop in energy prices, according to Eurostat.
Monthly prices dropped 0.3%, exceeding expectations, while non-durable and durable consumer goods prices rose.
Excluding energy, prices rose 1.0% annually.
The broader EU also saw a 0.4% annual and monthly decline.
Divergent country performance was noted, with Denmark, the Netherlands, and Romania seeing the largest drops, while Estonia, Finland, and Slovakia posted gains.
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Los precios al productor de la eurozona cayeron un 0,6% anual en agosto, la primera caída en nueve meses, impulsada por un desplome del 4,1% en los precios de la energía.