Producer prices up slightly in Europe

Producer prices in the European Union and eurozone rose by 0.1 percent September to October, the region's data office said Tuesday. Producer prices rose 0.1 percent in the 17-member eurozone as well, said Eurostat, the European Commission's statistics agency. On a 12-month basis, industrial producer prices rose 2.6 percent in the eurozone and 2.5 percent in the 27-member EU. Excluding the volatile category of energy, producer inflation remained the same at 0.1 percent, again both in the eurozone and the EU. For non-durable goods, producer prices rose by 0.2 percent in the eurozone while durable goods prices rose 0.1 percent, Eurostat said.