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Eurozone industrial producer prices tick up in May

Seasonally adjusted industrial producer prices in the eurozone increased by 0.8% in May after remaining unchanged in the previous two months, EU statistics agency Eurostat said.

Prices in the energy sector rose by 2.6%, intermediate goods prices increased by 0.3% and durable consumer goods prices edged up by 0.1% from the previous month. Capital goods and nondurable consumer goods prices remained unchanged from April.

Excluding energy, prices increased by 0.2% in May from April.

On a year-over-year basis, industrial producer prices increased by 3.0% in May after rising by a downwardly revised 1.9% in April.