Investing.com - Producer price inflation in the euro zone rose for the first time in three months in December, official data showed on Tuesday.
In a report, Eurostat said that its producer price index eased up by a seasonally adjusted 0.2% in December, in line with expectations. Producer prices dipped 0.1% in November.
Year-over-year, the producer price index declined at an annualized rate of 0.8% in December, compared to expectations for a 0.9% drop, after falling at a rate of 1.2% in November.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.13% to trade at 1.3511.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 retreated 0.15%, France''s CAC 40 dipped 0.1%, Germany''s DAX fell 0.75%, while London’s FTSE 100 shed 0.1%.
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