Eurozone unemployment fell to record lows in January as the economy continued to recover from the slump of the pandemic, but industrial producer prices showed a historic jump compared to the same period a year earlier with energy prices almost doubling, data showed this Thursday (3)
The European Union’s statistics office Eurostat said unemployment in the 19 countries sharing the euro fell to 6.8% of the workforce in January from 7.0% in December, to the lowest rate ever recorded in the zone. .
Economists polled by Reuters had expected a reading of 6.9%. Eurostat said 11.225 million people were unemployed in January, down from 11.439 million the previous month.
But prices at factory gates, which signal inflation trends for consumers, rose 5.2% on the month – more than double market expectations – to a record annual rate of 30.6%, accelerating from a 26-year jump. .3% recorded in December.
Economists polled by Reuters had expected a 27.0% annual gain.
The huge increase was primarily a result of an 11.6% monthly and 85.6% annual jump in oil and gas prices, driven only by the threat of a Russian invasion of Ukraine, before the attack actually took place.
Source: CNN Brasil
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