Source: Sharecast
According to figures from Eurostat on Wednesday, the producer price index for the single-currency region increased at an monthly rate of 1.6% following a 0.4% increase in October.
This was ahead of the 1.5% rate expected by economists and the highest monthly growth seen since September 2022.
However, when compared with November 2023, wholesale prices were down 1.2%, following a 3.3% year-on-year decline in October.
Over the month, prices for capital goods and non-durable consumer goods remained stable, and declined for intermediate goods (-0.1%) and durable consumer goods (-0.2%); but energy prices jumped 5.4% following just a 1.6% increase the month before.
The highest monthly increases in industrial producer prices were seen in Ireland (+4.5%) and France (+3.2%), while the largest decreases were in Estonia and Cyprus (both -1.4%), Slovakia (-0.5%) and Luxembourg (-0.4%).