Eurozone and EU Producer Prices Decline

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 figures show a rise of 1.9% in the euro area and 2.1% in the EU.

Sector-Specific Changes in the Eurozone

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

EU-Wide Price Movements

Energy prices also led the declines in the EU, with a 5.5% drop. Prices for intermediate goods and durable consumer goods increased by 0.1%, and non-durable consumer goods by 0.5%, while capital goods' prices were unchanged.