Bloomberg News

Euro-Area Producer-Price Inflation Slowed in January on Energy

March 04, 2013

Euro-area producer-price inflation slowed in January led by easing price growth for energy.

Factory-gate prices in the 17-nation euro region rose 1.9 percent from a year earlier, the European Union’s statistics office in Luxembourg said today. That’s in line with the median of 16 economists’ forecasts in a Bloomberg News survey. From the prior month, prices increased 0.6 percent.

Energy costs at the producer level rose an annual 2.8 percent in January after a 3.6 percent increase in the previous month, the statistics office said. Prices of intermediate goods rose 1.3 percent after a 1.6 percent increase in December.

In Germany, Europe’s largest economy, producer-price inflation accelerated to 1.7 percent from 1.5 percent in December.

To contact the reporter on this story: Patrick Henry in Brussels at phenry8@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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