In a month-on-month comparison, prices rose significantly by 1.4 percent.
In the euro zone, the price pressure at the manufacturer level continues to increase. In January, producer prices did not fall for the first time in around a year and a half. As compared to the same month last year, producer prices stagnated, as the Eurostat statistics office in Luxembourg announced. It is the first time since mid-2019 that prices have stopped falling. In a month-on-month comparison, prices rose significantly by 1.4 percent.
Monthly inflation came primarily from energy prices, which rose by 3.5 percent. In a year-on-year comparison, their price decline slowed down further. The prices that manufacturers receive for their products are included with a time lag in the consumer prices on which the European Central Bank (ECB) bases its monetary policy.
