Eurozone producer prices fell further than expected in November

FXStreet (London) - Eurozone producer prices declined further than expected in November, falling 0.3 percent month-on-month versus consensus estimates of a 0.1 percent drop. Prices are down 1.6 percent year-on-year versus a consensus expectation of a 1.4 percent drop.

Prices excluding energy declined 0.2 percent month-on-month, in line with expectations. Energy goods prices declined 0.7 percent month-on-month and 5 percent year-on-year.