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    Home » Eurozone, EU Producer Inflation Surge to Over 30% in February
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    Eurozone, EU Producer Inflation Surge to Over 30% in February

    April 6, 20221 Min Read
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    Producer inflation surged to over 30% in both the eurozone and the European Union in February, on the back of the historic increases in energy prices during the month.

     

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    • Annual producer inflation stood at 31.4% in the eurozone and 31.1% in the European Union. This comes as energy prices jumped by 87.2% in the eurozone, and by 83.6% in the EU.

     

    • Industrial producer prices grew in all member states during the month, with the biggest jumps seen in Ireland, Romania, and Denmark. The smallest increase was recorded in Malta.

     

    • Monthly inflation rose to 1.6% in the eurozone and 1.4% in the European Union. Energy prices increased by 1.3% in the eurozone, and by 1.4% in the EU. The biggest monthly increases were in Slovakia, Slovenia, and Greece.

     

    Monthly decreases were seen in Ireland, Finland, Latvia, and Bulgaria.

     

    EZU is down 2.54%, and VGK is down 1.73%.

     

    Source: Eurostat

     

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