Eurozone Producer Price Inflation Slows

India, July 6 -- Eurozone producer prices rose at a slower pace in May largely due to the decline in energy prices, Eurostat reported Monday.

Producer prices grew 0.2 percent month-on-month in May, slower than the 0.7 percent increase in April.

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Excluding energy, producer price inflation slowed moderately to 0.7 percent from 0.9 percent in the previous month.

Data showed that energy prices registered the biggest monthly fall of 1.0 percent. Prices of non-durable consumer goods dropped 0.1 percent.

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Published by HT Digital Content Services with permission from RTT News....