Eurozone December PPI +1.1% vs -0.4% m/m expected

  • Latest data released by Eurostat - 3 February 2023
  • Prior -0.9%; revised to -1.0%
  • PPI +24.6% vs +22.5% y/y expected
  • Prior +27.1%; revised to +27.0%

Euro area producer prices surprised to the upside in December, with more expensive energy prices being the main driver again - rising 2.5% on the month. If you strip that out, producer prices were seen down 0.1% on the month instead.

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