Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Eurozone producer prices rose by 1.1% between January and February, well below the 5.1% jump recorded a month earlier, but the annual rate of increase surged to a new record high of 31.4%, up from 30.6% in January.
Energy prices continue to distort intermediate inflation data, rising by 1.3% over the month for an 87.2% annual gain. Excluding energy, PPI rose by 0.9% in February, taking the annual rate to 12.2%, also a euro-area record. While energy exerted the biggest upward influence on the February data, inflation increased across the board. Prices for intermediate goods rose by an annual rate of 20.8%, while consumer durables rose 7.2% and consumer non-durables jumped by 6.8%.
However, the February data feel somewhat historical, as the Russian invasion of Ukraine at the end of the month has disrupted markets for raw materials and intermediate goods, but the y/y number still underlines the challenges facing the European Central Bank as it tries to slow second round effects.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.