Industrial producer prices rose by 0.5 percent in the 19-member euro area and 0.6 percent in the 28-member European Union (EU) in February compared with the previous month, according to estimates released Tuesday from Eurostat, the EU's statistical office.

The monthly increase in industrial producer prices in total industry in the euro area is due to rises of 2.0 percent in the energy sector and of 0.1 percent for both durable and non-durable consumer goods. In the EU bloc, the 0.6 percent increase is due to rises of 2.5 percent in the energy sector and of 0.1 percent for both durable and non-durable consumer goods.

On an annual basis, industrial producer prices decreased 2.8 percent in the euro area and 3.4 percent in the EU.

The annual decrease was mainly attributed to falls of energy sector, intermediate goods, and non-durable consumer foods. Endit

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