According to the data released on Friday, the Euro Zone producer prices soared a bit less than foreseen in September due to declines in energy costs, yet the percentage is higher than the last year by 41.9%, promising a pursuing rising pressure.

The industrial producer prices in 19 countries hiked to 1.6% MOM in September, based on European Union's statistics office Eurostat’s announcements just a bit under the 1.7% Reuters expectations.

We witnessed a climb of 3.3% on the month and 108.2% YOY, which was a decline from the11.8% monthly and annual boost of 117.1%.

Excluding the unsteadied energy component, producer prices jumped to 0.4% MOM and 14.5% YOY.

Producer prices are considered as a pre indicator of consumer inflation as changes in prices at factory gates are endured to the final consumer.

ECB is doing intense efforts to hold back price raise and retain inflation at 2.0% by taking aggressive interest rate hike approach.