Malta, Cyprus, and Latvia were the only EU members to post a rise in industrial producer prices in March. Estimates by Eurostat indicate that industrial producer prices fell by 1.4 percent in the EU and by 1.5 percent in the eurozone compared to February. Malta bucked the trend a registered an increase of 0.2 percent, the same as Latvia.
Cyprus recorded the highest increase at 0.5 percent while the biggest decrease was observed in neighbouring Greece, at -5.3 percent.
Compared with March 2019, industrial producer prices decreased by 2.8 percent in the euro area and by 2.5 percent in the EU. The most significant drop was felt in the energy sector which decreased by 5.5 percent. Prices for durable and non-durable consumer goods saw an increase of 0.1 percent.