2 weeks ago
Economic Indicators

Euro Zone PPI Rises 0.4% in January

Investing.com - Euro zone producer price inflation rose in line with forecasts in January, according to data released on

Investing.com - Euro zone producer price inflation rose in line with forecasts in January, according to data released on Monday.

Eurostat said the euro zone producer price index rose by 0.4%, for an annual gain of 3.0%.

Economists had forecast a monthly increase of 0.4% and a 2.9% annual increase.

Energy prices rose 0.4% in January Eurostat said, rebounding after a 2.7% drop in December. Prices for intermediate goods rose 0.3% after a 0.4% fall in December and capital goods prices rose 0.6% after staying flat in the previous month.

Producer prices are an early indication of consumer inflation, for which the European Central Bank has a target rate of close to, but just below 2%. Annual inflation in the bloc ticked up to 1.5% in February.