Eurozone Producer Prices Edge Up in February

According to a preliminary report by Eurostat released on Thursday, the producer price index (PPI) in the euro area experienced a modest increase of 0.2% in February compared to January. Similarly, the European Union 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 grew by 3% and 3.1%, respectively, showcasing a steady upward trend in producer prices over the year.

Sector-Specific Price Movements

Intermediate goods led the monthly price rise in the euro area with a 0.4% increase, followed by energy and capital goods at 0.2%, and non-durable consumer goods at 0.1%. In contrast, durable consumer goods saw a slight decrease of 0.1%. On a year-on-year basis, energy prices surged by 7.4%, with non-durable consumer goods, capital goods, and intermediate and durable consumer goods also posting significant increases.