Euro zone producer prices fall due to energy, as other goods rise

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Reuters UK

BRUSSELS (Reuters) – Euro zone producer prices fell by more than expected in January, although entirely due to falling energy prices as the charges for all other goods rose. EU statistics office Eurostat said on Friday that prices at factory gates in the 20 countries sharing the euro declined by 2.8% month-on-month in January for a 15.0% year-on-year increase, slowing down from 24.5% yearly increase in December. Economists polled by Refinitiv had expected a monthly fall in prices of 0.3% and a year-on-year deceleration to 17.7%. The energy component dropped by 9.4%, although was still up 20.5%…

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