March Sees a Dip in Producer Prices Across Eurozone and EU

According to a preliminary report by Eurostat released on Tuesday, the producer price index (PPI) experienced a 1.6% decline in both the Eurozone and the European Union in March compared to the previous month. Annually, the figures showed a rise of 1.9% in the euro area and 2.1% in the EU.

Energy Prices Lead the Decline

In the Eurozone, the most significant monthly decrease was observed in energy prices, which fell by 5.8%. Conversely, prices for capital goods saw a modest increase of 0.1%, durable consumer goods by 0.2%, and non-durable consumer goods by 0.5%. Intermediate goods' prices remained stable.

EU Follows a Similar Trend

The EU mirrored this trend with energy prices dropping by 5.5% monthly. Prices for intermediate goods and durable consumer goods increased by 0.1%, and non-durable consumer goods by 0.5%, while capital goods' prices stayed unchanged.