Euro area PPI increased 0.2% MoM and 3.0% YoY in February, up from 1.7% YoY in January and above expectations of an 0.1% MoM increase.

• Intermediate goods costs increased the most at 0.4% MoM followed by 0.2% MoM increases for energy and capital goods prices.
• Consumer goods prices were more subdued with durables down -0.1% MoM and non-durables up 0.1% MoM.
• PPI (ex-energy) was up 0.2% MoM and 1.4% YoY in February, up from 1.3% YoY in January.
• On an annual basis, energy prices have moved from being down -11.2% YoY at the beginning of Q4 2024 to up 7.4% YoY in the latest reading.