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Jan Factory-Gate Inflation at New High

EUROZONE
MNI (London)
  • EUROZONE JAN PPI +5.2% M/M, +30.6% Y/Y, DEC +26.3%r Y/Y
  • Eurozone producer prices rise by 5.2% between December and January, taking the annual pace of intermediate inflation to 30.6%, from an upwardly-revised 26.3% in December (originally reported at +26.2%)
  • On the year, PPI outpaced expectations by 3.3% (27.3% expected).
  • Energy prices accounted for much of the jump, rising by 11.6% in January for a 85.6% annual surge.
  • Excluding energy, PPI increased by 2.2% in the opening month of the year taking intermediate prices 11.7% above the same period of last year.
  • In light of the Ukrainian crisis, substantial upside risks will be seen in upcoming figures as further pressure on energy prices mount.

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