PPI of eurozone, EU rise in July

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The eurozone's industrial producer prices index (PPI) grew 0.3 percent in July, suggesting a modest inflation in the bloc, the European Union (EU)'s statistics office said Tuesday.

In the EU, the same index posted monthly growth of 0.4 percent in July, Eurostat estimated data showed.

On an annual basis,industrial producer prices in July rose 0.2 percent and 0.7 percent in the eurozone and the EU respectively.

The growing industrial prices in both areas can be attributed to robust growth of price in energy sector, which grew by 0.8 percent and 1.2 percent from previous month in the eurozone and the EU respectively.

However, prices in total industry excluding the energy sector remained stable in both the eurozone and the EU.

Among the EU member states for which data are available, the highest increases in industrial producer price were registered in the United Kingdom, at 1.8 percent, Greece, at 0.9 percent and the Netherlands , at 0.7 percent,while the largest decreases were in Estonia, by 5.0 percent, Slovakia , by 0.5 percent and Cyprus, by 0.4 percent.

• China's PPI continues to drop in July
• China's June PPI down 2.7%
• China's May PPI down 2.9 pct

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