Updated
Updated · TradingView · Jul 3
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.

Insights

With US inflation still raging, is Europe's price relief just a temporary calm before the next economic storm?
As a new war drives prices, can Europe finally break its cycle of being held hostage by global energy conflicts?