FXstreet.com (Barcelona) - Industrial product prices have increased in March at a slightly faster pace than in February due to the inflationary pressure of energy prices, according to the latest report released by Eurostat.
Prices at producer level have risen 0.7% in March, the same level as in February, since it has been revised up from the 0.6% previously released. Excluding energy, producer prices have increased 0.3%.
Year on year, producer prices have risen 5.7%, somewhat above the 5.3% posted in February, again sharply influenced by energy prices, as excluding energy prices have risen 3.7%. Energy prices have increased 12.7% on the year in the Euro Area, intermediate goods have risen 4.2%, durable goods rose 2.5%, and capital goods prices increased 1.5%.