Euro zone producer prices fall m/m in March

BRUSSELS (Reuters) – Euro zone producer prices fell a bit more than expected month-on-month in March, data showed on Thursday, pointing to a further slowdown in consumer prices as the European Central Bank is expected to announce yet another interest rate rise. The European Union’s statistics office Eurostat said prices at factory gates in the 20 countries sharing the euro fell 1.6% in March against February and grew 5.9% year-on-year, decelerating sharply form 13.3% annual growth in February. Economists polled by Reuters had expected a monthly fall of 1.7% and a 5.9% year-on-year rise. Produc…

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