Eurozone and EU Producer Prices Decline in March

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

Sector-Wise Changes in Producer Prices

Energy prices in the Eurozone saw the most significant monthly drop, decreasing by 5.8%. Conversely, prices for capital goods rose by 0.1%, durable consumer goods by 0.2%, and non-durable consumer goods by 0.5%, with intermediate goods remaining stable.

In the EU, the largest monthly decline was also in energy prices, which fell by 5.5%. Prices for intermediate goods and durable consumer goods increased by 0.1%, and non-durable consumer goods by 0.5%, while capital goods prices remained unchanged.