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(MNI) London
Factory gate inflation in the eurozone rose again in April, albeit at a slower monthly pace than in March, partly helped by lower energy costs. On the month, the producer price index rose 1.2%, higher by 37.2% year on year, both a touch below financial market expectations.
Energy inflation fell 2.1% m/m, but still recorded a staggering 99.2% increase year-on-year.
Central banks are wrestling globally with higher inflation, with rising oil and gas costs and supply chain disruptions impacting produce cosrs. Despite lower energy costs in April, there will probably be a reversal in next month's data, reflecting the rise in oil prices through May
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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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.
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