In February, producer prices rose by 1.1 percent in the euro area and the EU

Producer prices in Europe rise above 1%

The EU’s statistical office, Eurostat, said on Wednesday that producer prices in the eurozone and the EU as a whole rose 1.1 percent in February from 5.1 percent in the eurozone and 5 percent in the EU.

Year-on-year, producer price inflation in the euro area accelerated to 31.4 percent from 30.6 percent in January and from 30.4 percent to 31.1 percent in the EU. (MTI)