Eurozone producer prices nudge higher

(Sharecast News) - Producer prices across the Eurozone nudged higher in February, official data released on Thursday showed. According to Eurostat, the European Union's statistical office, industrial producer prices increased by 0.2% month-on-month, or by 3% when compared to February 2024.

The increase was marginally higher than forecast, with most analysts expecting an 0.1% uplift.

In January, prices rose by a downwardly revised 0.7%.

Across the wider EU, producer prices rose 0.3% in February and by 3.1% year-on-year.

In the Eurozone, prices for durable consumer goods eased 0.1%. All other industrial groupings ticked higher, with the biggest gain - 0.4% - in intermediate goods.

Producer prices for energy rose by 0.2%.

Among individual member states, in Germany prices eased 0.2% after seeing no change in January. In Spain they were 1.2% higher and up 0.9% in Italy.

In France, however, prices fell 0.8%, reversing January's 0.6% uplift.