Euro-area producer-price inflation held steady in December as slower energy-cost growth offset faster inflation for intermediate goods.
Factory-gate prices in the 17-nation euro region rose 2.1 percent from a year earlier, the European Union’s statistics office in Luxembourg said today. That’s in line with the median of 17 economists’ forecasts in a Bloomberg News survey. From the prior month, prices fell 0.2 percent.
Energy costs at the producer level rose an annual 3.7 percent in December after a 4.1 percent increase the previous month, the statistics office said. Prices of intermediate goods rose 1.6 percent after a 1.4 percent increase in November.
In Germany, Europe’s largest economy, producer-price inflation accelerated to 1.5 percent from 1.4 percent. In France, it slowed to 1.7 percent from 1.9 percent.