Eurostat: Producer prices increased by 0.4% m/m in the euro zone in January
16:08
Producer prices of industry (PPI) in the euro area increased by 0.4 percent m/m in January 2019 and by 3 percent y/y as well, the EU statistical office Eurostat stated. Market consensus for the euro area was + 0.3 percent in monthly terms and +2.9 percent y/y.
Interestingly, these predictions hit the mark, but in a more global perspective. This is exactly the size of the producer prices rise in the entire European Union.
The highest increases in industrial producer prices were recorded in the Netherlands (+2.0 percent), Estonia (+1.2 percent), Greece (+1.1 percent) and Czechia (+1.0 percent), while decreases were observed in Cyprus (-1.1 percent), Belgium (-1.0 percent), Finland and the UK (both -0.1 percent).
