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Eurozone Industrial Producer Prices Jump by 5.3% in March, More Than Expected

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Industrial producer prices rose by 5.3% in the Eurozone and by 5.4% in the EU in March, compared with February.

Source: eurostat.

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A year earlier, industrial producer prices rose by 36.8 % in the euro area and by 36.5% in the EU.

In the euro area, energy sector prices rose by 11.1%, followed by 2.8% for intermediate goods, 2.4% for non-durable goods and 0.8% for capital goods in March 2022 from February 2022.

In the EU, the monthly increase in industrial producer prices was 11.6%, followed by 2.9% for intermediate goods, 2.6% for non-durable consumer goods and 1.0% for capital goods. Industrial prices, excluding volatile energy prices, rose by 2.3%.

Ireland led other countries with the highest monthly increases in producer prices at 36.1%, followed by Greece (+8.8%) and Portugal (+8.4%). The only decline in industrial prices was reported in Slovakia (-1.1%).

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