BRUSSELS — Prices at factory gates in the 19 countries sharing the euro fell by more than expected in December, in another sign of the challenges facing the European Central Bank in bringing inflation nearer to its medium-term target.
Producer prices fell by 0.8 percent in December, compared with the previous month and by 3.0 percent compared to the same period a year ago, the European Union’s statistics office Eurostat said on Tuesday.
This was below the average expectations in a Reuters poll of 13 economists which forecast prices to drop by 0.6 and 2.8 percent respectively.
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