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Eurozone annual producer price inflation slows in April

Industrial producer prices in the eurozone grew less than expected in April, data from statistical agency Eurostat showed.

The annual producer price inflation was at 2.0% in April, down from 2.1% in March and below Econoday's forecast of 2.4%.

On a monthly basis, industrial producer prices rose 0.1% in April, the same pace of growth as in March.

Prices for intermediate goods rose 0.2% month over month, while those for capital and durable consumer goods ticked up 0.1%. Prices decreased 0.4% in the energy sector and were stable for non-durable consumer goods.