BRUSSELS, Nov 5 (Reuters) - Euro zone producer prices rose
slightly less than expected in September, driven mainly by
volatile energy costs and confirming the subdued inflationary
pressures in the bloc.
Prices at factory gates in the 17 countries sharing the euro
rose by 0.1 percent on the month in September after being flat
in August, while the market expected a 0.2 percent rise, the
European Union's statistics agency Eurostat said on Tuesday.
Compared with the same period of the last year, prices were
down by 0.9 percent after a 0.8 percent drop in August, while
economists polled by Reuters expected a 0.7 percent drop.
Energy producer price inflation was 0.5 percent in
September, by far the largest increase of Eurostat's index.
The European Central Bank will hold its regular monthly
rate-setting meeting on Thursday and a Reuters poll of 23
traders showed it will keep rates on hold this month despite a
sharp fall in inflation to a nearly four-year low in October.
The European Commission said earlier on Tuesday it expected
inflation to stay well below the ECB's official target of close
to but below 2 percent until 2015.
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(Reporting by Martin Santa; editing by Robin Emmott)
Keywords: EUROZONE PPI/
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