Producer price inflation in the eurozone surged to a record high in the year through April, though month-over-month data showed inflationary pressures edging down, as European Central Bank officials consider how fast and how much to tighten monetary settings to tame soaring prices. The E.U. statistics office Eurostat said in a June 2 statement (pdf) that the…
Producer Prices See Biggest Annual Surge on Record, Stoking Broader Inflation Concerns
Producer prices rose at their highest annual pace on record in August and slightly above expectations, with the newest inflation-related datapoint likely to reinforce broader concerns about rising prices as higher production costs tend to trickle down to consumers. The Labor Department said in a Sept. 10 statement that, for the 12 months ending in…
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