Producer prices decrease 7.8% from a year earlier in March, official data shows.
Eurozone industrial producer prices dropped more than market forecast in March, according to data released on Monday.
Producer prices decreased 7.8% from last year in March, after February’s revised 8.5% decline, Eurostat data showed.
The market expected industrial producer inflation to come in at minus 7.7% in the month.
Energy costs dove 20% year-on-year in March, easing from 21.3% decrease in February.
In the EU, industrial producer prices went down 7.6% annually in March.
On a monthly basis, industrial producer prices in March edged down 0.4% in the euro area and 0.5% in the 27-member EU bloc.
The eurozone/euro area, or EA19, represents member states that use the single currency – the euro – while the EU27 includes all member countries of the bloc.
