Eurostat released its producer price inflation data for the Eurozone on Tuesday. Eurozone's producer price index climbed 0.2% in March, missing expectations for a 0.3% increase, after a 0.6% rise in February. February's figure was revised up from 0.5% gain.

On yearly basis, Eurozone's producer price index rose to -2.3% in March from -2.8% in February, in line with expectations.

Intermediate goods prices fell 1.3% in March, while non-durable consumer goods prices declined 0.9%.

Capital goods prices climbed 0.7%, while durable consumer goods prices rose 1.0%.

The highest monthly declines were registered in Cyprus and Latvia, while the largest rises were registered in Ireland and Belgium.