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.
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