Euro zone producer prices head north a bit faster than anticipated in January

Euro zone producer prices head north a bit faster than anticipated in January

In January, euro zone producer prices surged a bit faster than anticipated, backed by an ascend in energy, capital, and intermediate goods. That’s what data revealed on Monday.

The EU’s statistics office Eurostat informed that prices at factory gates in the trading bloc tacked on by 0.4% month-on-month for a 3% year-on-year rally.

Market experts had hoped for a 0.3% monthly ascend as well as a 2.9% annual leap.

Eurostat told that energy prices bounced off in January, heading north by up to 0.4% on the month following a 2.7% tumble in December. In addition to this, intermediate products prices managed to tack on by up to 0.3% after a 0.4% slump in December. Besides this, capital goods prices went up by nearly 0.6% after no change in December.

Producer prices turn out to be an early gauge of trends in consumer prices due to the fact that unless their changes are absorbed by retailers and intermediaries, they’re passed on to EU customers.

Aside from that, the European Central Bank is on the verge of keeping consumer inflation below, although close to 2% over the medium term. As a matter of fact, in February, consumer prices managed to head north by up to 1.5% year-on-year, speeding up from January’s outcome of 1.4%. As for the probable explanation of this, many experts point to the still high contribution of energy.

Excluding the volatile energy component, in February, consumer prices inched up by about 1.2% year-on-year. By the way, the given reading is equivalent to the outcome of producer prices in January.


German Ifo Business Climate
German Ifo Business Climate

Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time.

Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera