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Business

Eurozone industrial producer prices drop sharply in November
Jan 8, 2009 04:00
Industrial producer prices in the euro zone dropped by a sharp 1.9 percent in November 2008 compared with the previous month, the European Union EU's statistics bureau Eurostat said Wednesday. Compared with November 2007, the index gained 3.3 percent. The monthly decline of the index was mainly due to drops in world oil prices. In November, prices in the eurozone energy sector decreased by 5.1 percent compared with the previous month, while prices in total industry excluding th ...


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