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Industrial producer prices in eurozone, EU stable in April

Industrial producer prices in the eurozone were stable in April, compared with March, as a price decline of 0.6% in the energy sector fully offset price increases in durable and nondurable consumer goods, intermediate goods and capital goods, Eurostat reported June 2.

Prices were also unchanged in the European Union.

Producer prices declined by 0.3% and 0.2% in March, compared to February, in the eurozone and EU, respectively.

On a year-over-year basis, industrial producer prices rose by 4.3% in the euro area and 4.8% in the EU, compared with annual hikes of 3.9% and 4.6% in March, respectively.