Factory Prices Down in the Euro Zone
Factory Prices Down in the Euro Zone (Reuters)
Factory prices fell by 0.5% from September to October and by 1.4% year-to-year in the 17-country euro zone. Lower factory prices typically will transition into lower consumer prices. However, the European Central Bank has a target for their consumer price index of approximately two percent. The November year-on-year consumer inflation figure is only 0.9%.