Eurozone producer prices fall at faster pace in February
Economy
Fri, 5 Apr 2024 3:28 GMT
Producer prices drop 8.3% year-on-year in February, official data shows.
Eurozone industrial producer prices fell at a faster pace in February, according to data released on Thursday.
Producer prices dropped 8.3% year-on-year in February, after a 8% decline in January, Eurostat data showed.
Energy costs plunged 21%, accelerating from September's 20% decline.
In the EU, industrial producer prices fell 8.1% at an annualized pace in February.
On a monthly basis, industrial producer prices in February went down 1% in the euro area and 0.9% in the 27-member EU bloc.
The eurozone/euro area, or EA19, represents member states that use the single currency – the euro – while the EU27 includes all member countries of the bloc.
AA
