Eurozone: Annual PPI increases 1.9%, as expected

On an annual basis Eurozone Producer Price Index rose 1.9% in January, following a 2.1% increase the previous month, Eurostat reported on Monday. This result is in line with forecasts.

Month-over-month Eurozone PPI jumped 0.6%, after declining 0.2% in December and slightly above expectations of 0.5% growth.