Investing.com – Producer price inflation in the euro zone rose broadly in line with expectations in December, official data showed on Wednesday.
In a report, Eurostat said that its producer price index rose by 0.8% in December, after rising by 0.3% in November.
The report showed that the producer price index rose at an annualized rate of 5.3% in December, after advancing by 4.5% in November. Analysts expected year-on-year PPI to rise by 5.2%.
The report showed that among euro zone member states, the highest increases in prices were recorded in Denmark, Sweden and Finland, while the only decrease was observed in Ireland.
Following the release of the data the euro was up against the U.S. dollar, with EUR/USD climbing 0.02% to hit 1.3833.
Meanwhile, European stock markets were modestly higher. The EURO STOXX 50 rose 0.21%, France’s CAC 40 added 0.08%, Germany's DAX was up 0.06%, while the FTSE 100 jumped 0.71%.
In a report, Eurostat said that its producer price index rose by 0.8% in December, after rising by 0.3% in November.
The report showed that the producer price index rose at an annualized rate of 5.3% in December, after advancing by 4.5% in November. Analysts expected year-on-year PPI to rise by 5.2%.
The report showed that among euro zone member states, the highest increases in prices were recorded in Denmark, Sweden and Finland, while the only decrease was observed in Ireland.
Following the release of the data the euro was up against the U.S. dollar, with EUR/USD climbing 0.02% to hit 1.3833.
Meanwhile, European stock markets were modestly higher. The EURO STOXX 50 rose 0.21%, France’s CAC 40 added 0.08%, Germany's DAX was up 0.06%, while the FTSE 100 jumped 0.71%.