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Producer prices in the eurozone jumped sharply in April, data released by Eurostat showed on Wednesday. The producer price index rose 2.8% in April compared with the previous year. That was slightly above analyst forecasts for a 2.6% gain after the 0.9% increase in March.
On a month-over-month basis, producer prices rose 0.9% in April, faster than the 0.6% increase in March. Economists had expected a 0.7% rise. Among the member states, the strongest increases in producer prices was recorded in Greece.
In the whole of the European Union, producer prices gained 1% in April compared to March. Prices increased 3.7% when compared to April 2009.
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