Financial News: Eurozone Producer Price Inflation Accelerates

Eurozone Producer Price Inflation Accelerates

04/03/2025 - 05:32:00 (RTTNews)

(RTTNews) - Eurozone producer price inflation accelerated notably in February on surging energy prices, Eurostat reported Thursday.

Producer prices logged an annual growth of 3.0 percent in February, following January's 1.7 percent increase.

Excluding energy, producer price inflation rose only marginally to 1.4 percent from 1.3 percent in January.

Within main industrial grouping, energy showed the biggest annual increase of 7.4 percent in February, which was faster than the 3.4 percent rise in January. Cost of intermediate goods prices grew at a faster pace of 0.9 percent compared to 0.5 percent rise in the previous month.

Meanwhile, growth in capital goods slowed to 1.6 percent from 1.7 percent. Likewise, the increase in non-durable consumer goods prices weakened to 1.7 percent from 1.8 percent. Durable consumer goods prices rose 0.9 percent, after a 1.5 percent gain.

On a monthly basis, producer prices grew only 0.2 percent in February. Prices were expected to grow 0.3 percent after rising 0.7 percent in February.

Producer prices in the EU27 rose 0.3 percent month-on-month in February, taking the annual growth to 3.1 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

European Economic News Preview: German Factory Orders Data Due (15 min(s), 27 sec(s) ago)
(RTTNews) - Factory orders and construction Purchasing Managers' survey results from Germany a ...Full Story»

Japan Household Spending Sinks 0.5% On Year In February (20 min(s), 33 sec(s) ago)
(RTTNews) - The average of household spending in Japan was down 0.5 percent on year in February, t ...Full Story»

Japan Household Spending Data Due On Friday (44 min(s), 33 sec(s) ago)
(RTTNews) - Japan will on Friday release February figures for household spending, highlighting a m ...Full Story»

ECB Minutes Show Members Expressed Worries Over Possible Shocks To Growth From Trade Tensions (14 min(s), 33 sec(s) ago)
(RTTNews) - Minutes of the March policy session of the European Central Bank showed that rate-sett ...Full Story»

Treasury Reveals Details Of Long-Term Securities Auctions (33 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday revealed the details of this month's auctions ...Full Story»

Latvia Industrial Output Grows 3.1% (11 min(s), 33 sec(s) ago)
(RTTNews) - Latvia's industrial production expanded for the second straight month in February, ...Full Story»

Cyprus Inflation Slows For Third Month (10 min(s), 33 sec(s) ago)
(RTTNews) - Consumer price inflation in Cyprus slowed for a third straight month in March to its l ...Full Story»

U.S. Services Index Drops To Nine-Month Low In March (04 min(s), 33 sec(s) ago)
(RTTNews) - U.S. service sector growth slowed by more than anticipated in the month of March, acco ...Full Story»