FX.co ★ Euro Zone's Producer Price Index (PPI) Decreases by 0.3% in February 2024

The Euro Zone's Producer Price Index (PPI) experienced a decrease in February 2024, dropping by 0.3% compared to the previous month. In January 2024, the PPI had reached -8%, but in February 2024, it further declined to -8.3%. This data was recently updated on April 4, 2024. The comparison is based on a Year-over-Year period, which means that the current PPI figure is compared to the same month a year ago to assess the economic performance. The decrease in the PPI indicates a potential decline in the prices received by producers in the Euro Zone, which can have implications for inflation and overall economic activity in the region.