Euro Zone Producer Prices Make Record Jump in September: Eurostat

Euro Zone Producer Prices Make Record Jump in September: Eurostat
Workers assemble campers at Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany on March 16, 2021. Andreas Gebert/Reuters
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BRUSSELS—Euro zone producer prices jumped in September more than expected, driven by skyrocketing energy costs, recording their highest increase on record in a new sign of strong inflationary pressures in the bloc, public data showed on Thursday.

The European Union’s statistics office Eurostat estimated that prices at factory gates in the 19 countries sharing the euro rose 2.7 percent month-on-month in September for a 16.0 percent year-on-year jump, in the biggest increases ever recorded for the bloc.