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Financial News: Eurozone Producer Prices Decline Slows In January

Eurozone Producer Prices Decline Slows In January

03/03/2020 - 06:35:00 (RTTNews)

(RTTNews) - Eurozone producer prices declined at a softer pace in January, data from Eurostat showed on Tuesday.

The producer price index fell 0.5 percent year-on-year in January, following a 0.6 percent decline in December. Economists had expected a 0.4 percent fall.

Excluding energy, producer prices rose 0.6 percent annually in January, following a 0.5 percent increase in the preceding month.

Prices for intermediate goods declined 1.0 percent yearly in January and energy prices fell by 3.6 percent.

Meanwhile, prices for non-durable consumer goods grew 2.5 percent and those of consumer goods and capital goods rose by 1.3 percent, each.

On a month-on-month basis, producer prices rose 0.4 percent in January, following a 0.1 percent increase in the previous month. Economists had expected a 0.5 percent rise.

In the EU27, producer prices rose 0.4 percent monthly in January and fell 0.2 percent from a year ago.

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