Euro-zone industrial producer prices posted their sharpest drop in annual terms for more than 27 years in July, fueled by a record fall in energy costs, data from EU statistics agency Euro stat showed...

Euro-zone industrial producer prices posted their sharpest drop in annual terms for more than 27 years in July, fueled by a record fall in energy costs, data from EU statistics agency Euro stat showed today. DJ reported. Factory gate prices fell 0.8% compared with the previous month and were 8.5% lower than in July last year, the biggest annual drop since comparable records began in 1982, Euro stat said. In June, producer prices rose a revised 0.4% from the previous month and were 6.5% lower on the year.