The Producer Price index Input rose less-than-expected in February, according to the National statistics bureau. The Index rose 0.2%, a positive reading for the first time in nine months, but far below estimates of an increase of 1.6%. Last month's reading was revised up -3.6% from previous -3.7%.
The Producer Price index Output rose 0.2%, beating estimates of a decline by -0.1% after falling -0.4% in January.
Retail Prices rose 0.5% in February compared to a decline of -0.8% in January.
The HICP, that monitors retail price changes for goods and services included into the consumer goods basket, rose 0.3% month on month but declined year on year to 0.0% - according to constructed historical data the lowest since 1960, said the Office of National Statistics. Analysts expected a decline to 0.1%. Food, non-alcoholic drinks, furniture, computers and household equipment had the largest effect on the reading.
The HICP ex EFAT, excluding the volatile costs of food and energy, measuring core inflation rose 1.2% year on year compared to a previous reading of 1.4% and below the estimated 1.3%.