Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April
Producer prices in the eurozone and the European Union (EU) fell month-on-month but rose year-on-year in April, according to data released by the EU’s statistics office, Eurostat, on Thursday.
Producer prices in the eurozone fell by 2.2 percent in April, more than the 1.8 percent expected by analysts, after a 1.7 percent monthly decline in the previous month.
Producer prices in the EU fell by 2.1 percent in April compared with March, when the monthly decline was 1.6 percent.
Energy prices in the eurozone fell by 7.7 percent in a month, after falling by 5.8 percent in March. Energy prices in the European Union fell by 7.1 percent in April on a monthly basis, after falling by 5.5 percent in March.
Excluding energy prices, producer prices rose by 0.1% month-on-month in both the euro area and the EU.
In the year to April 2024, producer prices in the euro area rose by 0.7%, compared with the 1.2% forecast by analysts and following a 1.9% increase in the previous month. Energy prices in the euro area fell by 0.3%, after an annual increase of 4% in the previous month.
In the EU, producer prices rose by 0.6% year-on-year in April, after a 2.1% increase in the previous month. Energy prices in the European Union fell by 0.5% in April, after a 4.3% increase in March.
Excluding energy prices, producer prices in the euro area rose by 1.1% year-on-year in April and by 1.2% in the EU.
Related news
László Krisán: Stabilisation is the first step, but new answers are needed to be competitive
László Krisán, the CEO of KAVOSZ Zrt. has assessed the…
Read more >Vendégszerző: Fekete Zoltán főtitkár Magyar Márkaszövetség It is difficult to grow in the shadows
Our magazine asked Zoltán Fekete, secretary general of Branded Goods…
Read more >A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >Related news
Maxi Redefines Hypermarkets with Freshness, Convenience and Value
ICA Maxi in Sweden is defying the hypermarket decline seen…
Read more >Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >