EU PPI MoM (Jan) M/M 0.7% vs. Exp. 0.2% (Prev. -0.3%, Low. 0.0%, High. 0.2%)

The EU PPI MoM for January came in at 0.7%, significantly above expectations of 0.2% and reversing the previous month's decline of -0.3%. This strong print suggests warming inflationary pressures, which could influence the ECB's policy outlook and may bring forward rate hike expectations as they respond to rising costs in the economy.