Eurozone producer prices fall more than market estimates in March

ANKARA: Eurozone industrial producer prices dropped more than market forecast in March, according to data released on Monday. Producer prices decreased 7.8% from last year in March, after February's revised 8.5% decline, Eurostat data showed. The market expected industrial producer inflation to come in at minus 7.7% in the month. Energy costs dove 20% year-on-year in March, easing from 21.3% decrease in February. In the EU, industrial producer prices went down 7.6% annually in March. On a monthly basis, industrial producer prices in March edged down 0.4% in the euro area and 0.5% in the 27-member EU bloc. The eurozone/euro area, or EA19, represents member states that use the single currency - the euro - while the EU27 includes all member countries of the bloc. Source: Anadolu Agency