Eurozone December PPI -0.8% vs -0.8% m/m expected ...Middle East

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Eurozone December PPI -0.8% vs -0.8% m/m expected
Prior -0.3%On the year itself, producer prices declined by nearly 9% but it owes largely to a drop in energy prices i.e. base effects. Looking at the details, only the prices for intermediate goods (-4.9%) declined alongside energy prices (-27.5%) last year. Instead, price increases were recorded for capital goods (+2.8%), durable consumer goods (+3.0%), and non-durable consumer goods (+3.2%). This article was written by Justin Low at www.forexlive.com.

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