EU Producer Prices Fall

In the European Union, industrial producer prices fell by 0.7% in August compared to July after an unbroken climb since 2006. The cause is a 2.8% price drop in energy during the same period. Regardless, energy prices rose an overall 27.1% by August, compared to a year earlier, reflected by an increase in industrial producer prices during the same period. In August, Denmark and the United Kingdom both reported the deepest monthly price drops, at 1.8%.