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Eurozone producer prices declined at a faster pace in February, data from Eurostat showed on Thursday.
The producer price index decreased 1.3 percent year-on-year in February, following a 0.7 percent decline in January. Economists had expected a 0.8 percent fall.
Excluding energy, producer prices rose 0.5 percent annually in February, after a 0.6 percent increase in the preceding month.
Prices for intermediate goods declined 1.2 percent yearly in February and energy prices fell by 6.5 percent.
Meanwhile, prices for non-durable consumer goods grew 2.4 percent and those of durable consumer goods and capital goods rose by 1.4 percent and 1.2 percent, respectively.
On a month-on-month basis, producer prices fell 0.6 percent in February, after a 0.2 percent increase in the previous month. Economists had expected a 0.4 percent decline.
In the EU27, producer prices decreased 0.6 percent monthly in February and fell 1.0 percent from a year ago.