Producer prices in the Eurozone and the European Union fell by 0.6% in September compared to August, Eurostat said in a report released on Wednesday. Compared to September 2023, the producer price index (PPI) dropped 3.4% in the euro area and 3.3% in the EU.

The Eurozone saw a 1.9% fall in industrial producer prices for energy compared to August, while capital goods prices decreased by 0.1%. Intermediate goods prices remained stable, while the PPI for durable and non-durable consumer goods rose by 0.2%. On a yearly basis, producer prices for intermediate goods, energy and capital goods fell by 0.7%, 11.6% and 1.3% respectively, while durable consumer goods added 0.5% and non-durable consumer goods prices increased by 1.5%.