April 4 (Reuters) – Euro zone producer prices fell more sharply than expected in February on a monthly basis but the decline in energy prices slowed over a month, Eurostat data showed on Tuesday.
Producer prices in the monetary bloc fell by 0.5% month-on-month, but still rose by 13.2% over one year. In January, they fell by 2.8% over one month and decelerated to 15.1% over one year (revised figure from 15.0%).
Economists polled by Reuters had forecast prices for February falling 0.3% month on month and a further slowdown in the rise to 13.3% year on year.
Excluding energy, producer prices in February rose by 0.2% over one month and by 10.2% on an annual basis.
Energy prices in the euro zone fell by 1.6% in February, after a decline of 9.2% in January, but over one year they were still up by 17.4% in February.
Table: (Written by Claude Chendjou, Editing by Kate Entringer)
©2023 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.