Tuesday Jan 27, 2015 Search
Weather | Athens
15o C
9o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cheaper energy pulls down eurozone factory prices in January

A steep fall in energy costs brought down eurozone producer prices faster than expected in January, data showed on Tuesday, underlining deflationary risks ahead of the European Central Bank's policy meeting on Thursday.

Prices at factory gates in the 18 countries sharing the single currency dropped 0.3 percent in January against December mainly because of a 1.4 percent fall in costs of energy, the EU's statistics office Eurostat said.

Analysts polled by Reuters expected prices to ease 0.1 percent on the month.

Compared with the same period of the last year, producer prices fell 1.4 percent against market expectations of a 1.3 percent drop, showing its biggest slump since December 2009 when prices fell 3.0 percent.

Producer prices are an indication of inflationary pressures early in the pipeline because unless absorbed by retailers, they eventually translate into consumer inflation, which the European Central Bank wants to keep below, but close to 2 percent.

The ECB is poised to take action on Thursday to ease lending conditions and drag consumer inflation out of a "danger zone" below 1 percent year-on-year, that threatens the bloc's fragile recovery.

Adjusted for energy, producer prices rose 0.1 on the month in January after being flat in December.

There were only five eurozone countries were prices at factory gates rose in January month-on-month, led by a 1.1 percent growth in Estonia and followed by the bloc's newest member Latvia showing a 1.0 percent increase.

In Europe's largest economy, Germany, producer prices fell 0.1 percent in January, after a 0.1 percent rise in the previous month.

In he bloc's southern periphery, which is slowly regaining competitiveness through years austerity policies, the picture was mixed: prices in Greece grew 0.3 percent month-on-month while Spain saw a 1.3 percent drop in January against December. [Reuters]

ekathimerini.com , Tuesday March 4, 2014 (12:12)  
Consumer confidence in decline in Q4
Euro slide fuels hope of tourism growth
Quest buys Cardlink from Alpha, Eurobank
SYRIZA calls for all taxes to be paid on time
Greek F-16 crash in southeastern Spain kills 10
A Greek fighter jet crashed into parked aircraft during a NATO training exercise on Monday in southeastern Spain, killing at least 10 people and injuring another 13, Spanish defense authorit...
PASOK heading for party congress, leadership contest
PASOK is due to hold a party congress in March, when the leadership of the party will also be at stake, after a poor showing in the elections. Sources said that PASOK leader and outgoing Dep...
Inside News
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakoss 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
Inside Sports
COMMENTARY
SYRIZAs win will test institutions
Greece was at an impasse, with a government that did not believe in what it was doing and an opposition that declared with passionate intensity that whatever the government did was wrong and...
COMMENTARY
The challenge for Tsipras and others
A few years ago, an associate of mine who had met with Alexis Tsipras when the young politician was running for Athens mayor told me how impressed he had been by his confidence. Tsipras was ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Basket League favorites survive challenges on the road
2. Consumer confidence in decline in Q4
3. Euro slide fuels hope of tourism growth
4. Quest buys Cardlink from Alpha, Eurobank
5. SYRIZA calls for all taxes to be paid on time
6. Stock traders none too pleased with election result
more news
Today
This Week
1. SYRIZA heads for historic victory but without majority
2. Greek Elections 2015: The day after | LIVE
3. SYRIZA's win will test institutions
4. Tsipras forges anti-austerity coalition in challenge to EU
5. Finnish PM says ready to discuss bailout extension for Greece
6. Tsipras moves to form anti-austerity government after crushing victory
Today
This Week
1. Greek Elections 2015 | LIVE
2. Greek Elections 2015 | LIVE
3. SYRIZA heads for historic victory but without majority
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. QE exclusion a de facto Grexit
6. Unsupervised voting
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.