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.
- 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%.