Eurozone December PPI -0.8% vs -0.8% m/m expected

<ul><li>Prior -0.3%</li></ul><p>On the year itself, producer prices declined by nearly 9% but it owes largely to a drop in energy prices i.e. base effects. Looking at the details, only the prices for intermediate goods (-4.9%) declined alongside energy prices (-27.5%) last year. Instead, price increases were recorded for capital goods (+2.8%), durable consumer goods (+3.0%), and non-durable consumer goods (+3.2%).</p>

This article was written by Justin Low at www.forexlive.com.