5/3, 11:01 AM (Source: TeleTrader)
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Eurozone producer prices up 5.3% in March

Industrial producer prices in the Eurozone (EA19) jumped 5.3% on a monthly basis in March a report by Eurostat revealed on Tuesday. In the entire European Union (EU27), the gauge moved up by 5.4% on a monthly basis. Over the previous 12 months, producer prices were up 36.8% in the euro area and 36.5% in the entire bloc.

The energy sector led the hike with an 11.1% monthly price increase in the euro area and an 11.6% hike in the EU. On an annual comparison basis, prices of energy more than doubled in both the Eurozone and in the block, surging 104.1% and 101.3%, respectively. Intermediary goods added 2.8% on the month in the euro area and 2.9% in the EU.

Ireland saw the sharpest increase in prices, both on a monthly and on a yearly basis.

Baha Breaking News (BBN) / BU