Euro Area Producer Prices Rise 0.2% in May as Energy Falls 1%
Updated
Updated · TradingView · Jul 3
Euro Area Producer Prices Rise 0.2% in May as Energy Falls 1%
2 articles · Updated · TradingView · Jul 3
Summary
May producer prices in the euro area rose 0.2% from April, slowing from an upwardly revised 0.7% increase and matching market expectations.
Energy prices fell 1% after a 0.2% drop in April as oil returned to pre-war levels, helping cool the monthly headline figure.
Excluding energy, producer prices still increased 0.7%, down from 0.9%, while intermediate goods and capital goods inflation also eased; non-durable consumer costs slipped 0.1%.
Germany and Spain both saw slower producer-price growth, while Italy and France posted declines; despite the monthly moderation, annual producer inflation accelerated to 5.9%, the highest since March 2023.