Eurozone PPI came in at 1.4% mom, 0.0% yoy in January, versus expectation of 1.0% mom, -0.4% yoy. For the month, industrial producer prices increased by 3.5% mom in the energy sector, by 1.2% mom for intermediate goods, by 0.4% mom for capital goods and for durable consumer goods and by 0.1% mom for non-durable consumer goods. Prices in total industry excluding energy increased by 0.8% mom.
EU PPI came in at 1.4% mom, 0.0% yoy. For the month, the industrial producer prices increased in all Member States for which data are available. The highest increases were recorded in Ireland (+10.0% mom), Spain (+3.4% mom) and Denmark (+3.3% mom).
