Details of the January 2016 Eurozone PPI data report 2 March 2016

  • Prior -0.8%
  • -2.9% vs -2.9% exp y/y. Prior -3.0%
  • EU 28 states -1.0% vs -0.8% prior m/m
  • -2.9% vs -3.2% prior y/y

Sharper loss on the month but not as bad y/y. Energy was -3.2% vs -2.7% prior m/m & -8.6% vs -8.9% prior y/y. Because of the lag between energy prices and inflation we probably have yet to see the feed through from the drop in oil prices, from the consolidation period around Aug through Oct, coming into headline inflation numbers. They appear in PPI a little quicker.

Eurozone PPI y/y