Producer Prices Take a Dive in March

According to a preliminary report released by Eurostat 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.

Sector-wise Analysis of Price Changes

Energy Sector Leads the Decline: The most significant monthly decrease was observed in the energy sector, with prices dropping by 5.8% in the Eurozone and 5.5% in the EU. Mixed Trends in Other Sectors: Prices for capital goods saw a modest increase of 0.1% in the Eurozone, while durable consumer goods and non-durable consumer goods experienced rises of 0.2% and 0.5%, respectively. Intermediate goods prices remained stable in the Eurozone but saw a slight increase of 0.1% in the EU.