A post by @FirstSquawk on X.

Eurozone producer price inflation accelerated to 11.1% year-over-year in September, overshooting the 10.6% consensus estimate and rising sharply from 8.2% in August. On a monthly basis, producer prices climbed 2.5%, in line with expectations but faster than the prior 1.9% gain. The stronger-than-expected reading underscores persistent pipeline price pressures in the currency bloc, driven largely by energy costs. The data reinforces the case for continued aggressive tightening by the European Central Bank even as growth risks mount. Markets will watch upcoming eurozone inflation and ECB commentary for signs of whether producer price momentum is finally peaking.