Eurozone and EU Producer Prices Decline in March

According to a preliminary report by Eurostat, 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, there was a modest increase of 1.9% in the euro area and 2.1% in the EU.

Sector-Wise Analysis of Producer Prices

Energy prices plummeted by 5.8% in the Eurozone, marking the most significant monthly decrease. Conversely, prices for capital goods saw a slight increase of 0.1%, with durable consumer goods up by 0.2%, and non-durable consumer goods by 0.5%. Intermediate goods' prices remained stable.

In the EU, energy prices led the decline with a 5.5% drop. Prices for intermediate goods and durable consumer goods edged up by 0.1%, while non-durable consumer goods increased by 0.5%. Capital goods' prices showed no change.