Eurozone producer inflation accelerates

The increase accelerated from the previous period's 1.9% reading, signaling stronger upward pressure on production costs.

Annual PPI inflation climbed to 11.1%, exceeding market expectations of 10.6% and the previous 8.2% reading. The sharp acceleration highlighted persistent cost pressures, which could worsen the consumer inflation outlook if passed through to retail prices. The figures may influence European Central Bank (ECB) interest-rate expectations.