Eurozone Producer Prices Edge Upward

According to a preliminary report released by Eurostat on Thursday, the producer price index (PPI) in the euro area experienced a modest increase of 0.2% in February compared to January. This upward trend was mirrored across the European Union, where producer prices saw a slightly higher rise of 0.3% month-on-month.

Year-on-Year Growth Highlights

When compared to February 2024, the PPI in the Eurozone and the EU showcased significant growth, with increases of 3% and 3.1%, respectively. This data underscores a resilient economic recovery path post-pandemic.

Sector-Specific Price Movements

The report detailed varied price movements across different sectors. Intermediate goods led the monthly price rise in the euro area at 0.4%, with energy and capital goods following at 0.2%, and non-durable consumer goods at 0.1%. Conversely, durable consumer goods saw a slight decrease of 0.1%.

Year-on-year, energy prices surged by 7.4%, marking the most significant increase. Non-durable consumer goods, capital goods, and intermediate and durable consumer goods also recorded growth, with rises of 1.7%, 1.6%, and 0.9%, respectively.