Forexpros – Producer price inflation in the euro zone eased more-than-expected in December, official data showed on Thursday.
In a report, Eurostat said that its producer price index declined by a seasonally adjusted 0.2% in December, after rising by 0.2% in November.
Analysts had expected producer prices to ease by 0.1% in December.
Year-over-year, the producer price index rose at an annualized rate of 4.3% in December, in line with expectations, after climbing at a rate of 5.4% in November.
Following the release of the data, the euro was modestly lower against the U.S. dollar, with EUR/USD shedding 0.06% to hit 1.3155.
Meanwhile, European stock markets were mixed to modestly higher. London’s FTSE 100 eased down 0.05%, the EURO STOXX 50 edged up 0.05%, France’s CAC 40 added 0.1%, while Germany’s DAX was up 0.25%.
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