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02.03.2016 10:18 Eurozone's producer price index declines 1.0% in January

Eurostat released its producer price index for the Eurozone on Wednesday. Eurozone's producer price index declined 1.0% in January, missing expectations for a 0.7% fall, after a 0.8% decrease in December.


Intermediate goods prices fell 0.3% in January, capital goods prices rose 0.1%, non-durable consumer goods prices were flat and durable consumer goods prices were up 0.4%, while energy prices decreased 3.2%.


On a yearly basis, Eurozone's producer price index dropped 2.9% in January, in line with expectations, after a 3.0% fall in December.


Eurozone's producer prices excluding energy fell 0.6% year-on-year in January. Energy prices dropped at an annual rate of 8.6%.

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