As per the new statistics released on Monday, an additional pressure has now mounted on the European Central Bank to increase their interest rates very soon in the near future after Factory-Gate prices in the Euro zone have experienced a new high.

It is learnt that the prices attained a height that has surpassed the past figures. The prices experienced the highest yearly profit for approximately three years in February.

A spokesman from the Eurostat agency that is backed by the European Union has unveiled that the prices for the industrial producer hiked to 6.6% as compared to the same time of the last year.

The spike has a subsequent effect, following which; the European Central Bank will have to ascend its interest rates later this week by several folds.

It is to be noted that the European Central Bank leads with the objective to keep the inflation rates just below the 2% of the prescribed rate.

In this context, Jean-Claude Trichet, the President of the European Central Bank, stated that the price stability were on the upside and a rate rise in April was possible though not certain.