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Eurozone Producer Price Inflation Slows Slightly … RTT June 04, 2018 at 10:53AM

Eurozone Producer Price Inflation Slows Slightly … RTT

 

Eurozone Producer Price Inflation Slows Slightly In April

Eurozone producer prices climbed at a slightly slower pace in April, Eurostat reported Monday.

Producer price inflation came in at 2 percent in April versus 2.1 percent in March. Prices were forecast to increase 2.4 percent.

Excluding energy, producer price inflation slowed marginally to 1.3 percent from 1.4 percent a month ago.

Among components, prices of intermediate goods rose 2.1 percent, and that of energy advanced 3.8 percent. Capital goods prices moved up 1 percent and durable consumer goods prices climbed 0.9 percent. Cost of
non-durable consumer goods grew only 0.5 percent.

On a monthly basis, producer prices remained unchanged in April after rising 0.1 percent in March. Economists had forecast a 0.2 percent rise.

by RTTNews Staff Writer

 

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