Eurozone producer prices fall more than expected

Eurozone producer prices fell more than expected in December, according to figures released by Eurostat.

Producer prices were down 0.8% from November and 3% compared with the same month in 2014.

Economists had been expecting a 0.6% drop on the month and a 2.8% decline on the year.

The energy sector saw price falls of 2.7%, with intermediate goods prices down 0.3% and non-durable consumer goods prices 0.1% lower.

Prices for both capital goods and durable consumer goods remained stable, while prices in total industry excluding energy fell 0.2%.