Euro Area Producer Prices Rise 5.9% in May as Core Pipeline Costs Offset Energy Dip
Updated
Updated · investinglive.com · Jul 6
Euro Area Producer Prices Rise 5.9% in May as Core Pipeline Costs Offset Energy Dip
3 articles · Updated · investinglive.com · Jul 6
Summary
Euro area producer prices rose 0.2% in May from April and 5.9% from a year earlier, beating the 5.7% annual forecast.
A 1.4% jump in intermediate goods and a 0.2% rise in capital goods outweighed a 1.0% monthly drop in energy prices.
Excluding energy, producer prices increased 0.7% on the month and 2.8% on the year, pointing to broader upstream price pressure beyond fuel.
Energy still drove much of the annual gain, with May energy prices up 14% from a year earlier, keeping inflation risks on the ECB's radar if the trend persists into summer.