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Eurozone industrial producer prices fall by 1 pct in December

Xinhua, February 3, 2015 Adjust font size:

Industrial producer prices of both the eurozone and the European Union (EU) fell by 1 percent in December 2014 from the previous month, EU's statistical office Eurostat said on Tuesday.

On the year-on-year basis, industrial producer prices fell by 2.7 percent in the eurozone and by 3.1 percent in the EU.

The decreases in industrial producer prices of the eurozone and the EU are mainly due to 3.1 percent and 3.7 percent declines in the energy sector respectively, said Eurostat.

Industrial producer prices fell in nearly all EU member states, with the largest decreases observed in Greece, the Netherlands and Belgium. Increases of industrial producer prices were only observed in Estonia, Sweden, Cyprus and Slovenia.

Moreover, the average industrial producer prices for the year 2014 decreased by 1.5 percent in both the eurozone and the EU compared with 2013. Endi