Eurozone producer prices fell at the slowest pace in five months during January, in line with economists’ expectations, figures from the Eurostat showed Wednesday.
The industrial producer price index decreased 2.9 percent year-on-year following a 3 percent slump in December.
Compared to the previous month, prices dropped 1 percent in February after a 0.8 percent decrease in the previous month.
Both figures were in line with economists’ expectations.
Excluding energy, producer prices declined 0.6 percent annually and were flat over the month.
Energy prices decreased 8.6 percent year-on-year, which was slightly less than the 8.9 percent decline in the previous month.
Prices of intermediate goods decreased 1.6 percent, while those for capital goods rose 0.4 percent. Producer prices for durable consumer goods climbed 0.9 percent, while those for non-durable consumer goods fell 0.2 percent.
The material has been provided by InstaForex Company – www.instaforex.com