Eurozone producer price inflation accelerated in April on surging energy prices, data from Eurostat showed on Wednesday.
The producer price index posted an annual increase of 4.9% in April, following March's 2% rise. Prices were forecast to climb 4.8%.
Excluding energy, producer prices rose 2.3% compared to the 1.4% increase in the prior month.
Data showed that energy prices posted the biggest increase of 12.3%. Intermediate goods prices gained 3.9% and durable consumer goods prices moved up 2.7%.
Prices of capital goods rose 2.1%, while non-durable consumer goods prices fell 0.2%.
Month-on-month, growth in producer prices softened to 0.6% from 3.4% due to a 0.4% drop in energy prices.
