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Euro zone PPI rises 0.5% in February

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Investing.com -

Investing.com - Producer price inflation in the euro zone rose for the first time in five months in February, easing concerns over the threat of deflation, official data showed on Tuesday.

In a report, Eurostat said that its producer price increased by a seasonally adjusted 0.5% in February, compared to expectations for a gain of 0.1%. Producer prices fell 1.1% in January, whose figure was revised from a previously reported decline of 0.9%.

Year-over-year, the producer price index declined at an annualized rate of 2.8% in February, compared to forecasts for a drop of 3.0%. Prices fell at a rate of 3.5% in January.

EUR/USD was trading at 1.0853 from around 1.0849 ahead of the release of the data, while EUR/GBP was at 0.7310 from 0.7308 earlier.

Meanwhile, European stock markets remained broadly higher. The EURO STOXX 50 rose 1%, France's CAC 40 advanced 1.25%, Germany's DAX tacked on 0.95%, while London's FTSE 100 rallied 1.2%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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