Eurozone producer price index rose less than expected in February.

According to estimates from Eurostat, in February 2021, industrial producer prices rose by 0.5% in the euro area and by 0.7% the EU, compared with January 2021. Economists had expected a 0.6% increase. In January 2021, prices increased by 1.7% in the euro area and by 1.6% in the EU. 

In February 2021, compared with February 2020, industrial producer prices rose by 1.5% in the euro area and by 1.7% in the EU. Economists had expected a 1.4% increase.

Industrial producer prices in the euro area in February 2021, compared with January 2021, increased by 1.2% for intermediate goods, by 0.3% in the energy sector and for non-durable consumer goods, by 0.2% for durable consumer goods and by 0.1% for capital goods. Prices in total industry excluding energy increased by 0.6%. In the EU, industrial producer prices increased by 1.2% for intermediate goods, by 0.8% in the energy sector, by 0.3% for durable consumer goods, by 0.2% for non-durable consumer goods and by 0.1% for capital goods. Prices in total industry excluding energy increased by 0.7%.

Industrial producer prices in the euro area in February 2021, compared with February 2020, increased by 2.4% for intermediate goods, by 2.3% in the energy sector, by 1.2% for durable consumer goods and by 0.9% for capital goods, while prices fell by 0.4% for non durable consumer goods. Prices in total industry excluding energy increased by 1.2%. In the EU, industrial producer prices increased by 3.0% in the energy sector, by 2.6% for intermediate goods, by 1.5% for durable consumer goods and by 0.9% for capital goods, while prices fell by 0.3% for non-durable consumer goods. Prices in total industry excluding energy increased by 1.4%.