Producer prices in the Euro Area declined by 3.4% year-on-year in June 2023, following an upwardly revised 1.6% fall in May and compared to market expectations of a 3.1% drop. It marked the second consecutive decline in producer prices and the steepest since June 2020, mainly on account of energy prices (-16.5% vs -13.5% in May). Prices also declined for intermediate goods (-2.7% vs -1.5%), while rising at a slower pace for capital goods (5.2% vs 5.6%), durable consumer goods (5.9% vs 6.7%) and non-durable consumer goods (8.9% vs 9.6%). On a monthly basis, producer prices went down by 0.4%, marking the sixth consecutive month of decreases, compared with market forecasts of a 0.2% fall. source: EUROSTAT

Producer Prices Change in Euro Area averaged 2.89 percent from 1982 until 2023, reaching an all time high of 43.50 percent in August of 2022 and a record low of -8.20 percent in July of 2009. This page provides the latest reported value for - Euro Area Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Producer Prices Change in Euro Area is expected to be -12.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Producer Prices Change is projected to trend around 2.90 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

Euro Area Producer Prices Change



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-05 09:00 AM May -1.5% 0.9% -1.3% -1.1%
2023-08-03 09:00 AM Jun -3.4% -1.6% -3.1% -3.2%
2023-09-05 09:00 AM Jul -3.4% -6.8%


Related Last Previous Unit Reference
Inflation Rate 5.30 5.50 percent Jul 2023
Inflation Rate MoM -0.10 0.30 percent Jul 2023
Consumer Price Index CPI 123.36 123.47 points Jul 2023
Core Consumer Prices 116.39 116.55 points Jul 2023
Core Inflation Rate 5.50 5.50 percent Jul 2023
GDP Deflator 119.30 117.33 points Mar 2023
Producer Prices 145.80 146.40 points Jun 2023
Producer Prices Change -3.40 -1.60 percent Jun 2023
Import Prices 118.20 118.70 points Jun 2023
Food Inflation 11.60 12.60 percent Jul 2023
CPI Transportation 126.85 125.13 points Jul 2023
CPI Housing Utilities 128.85 129.18 points Jul 2023

Euro Area Producer Prices Change
In the Euro Area, producer prices change measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -1.60 43.50 -8.20 1982 - 2023 percent Monthly

News Stream
Eurozone Producer Prices Fall the Most in 3 Years
Producer prices in the Euro Area declined by 3.4% year-on-year in June 2023, following an upwardly revised 1.6% fall in May and compared to market expectations of a 3.1% drop. It marked the second consecutive decline in producer prices and the steepest since June 2020, mainly on account of energy prices (-16.5% vs -13.5% in May). Prices also declined for intermediate goods (-2.7% vs -1.5%), while rising at a slower pace for capital goods (5.2% vs 5.6%), durable consumer goods (5.9% vs 6.7%) and non-durable consumer goods (8.9% vs 9.6%). On a monthly basis, producer prices went down by 0.4%, marking the sixth consecutive month of decreases, compared with market forecasts of a 0.2% fall.
2023-08-03
Eurozone Producer Prices Fall for 1st Time in 2 Years
Producer prices in the Euro Area declined by 1.5 percent year-on-year in May 2023, following a downwardly revised 0.9 percent increase in April and compared to market expectations of a 1.3 percent drop. It marked the first month of decline in producer prices since December 2020, driven by a significant 13.3 percent slump in energy costs and a 1.5 percent drop in the cost of intermediate goods. Additionally, inflation slowed for capital goods (5.6 percent vs 6.2 percent in April), durable goods (6.7 percent vs 7.3 percent), and non-durable consumer goods (9.6 percent vs 11.0 percent). Excluding energy, producer price inflation decelerated to 3.4 percent year-on-year in May, down from 5.1 percent in April. On a monthly basis, producer prices fell by 1.9 percent, marking the fifth consecutive month of decrease.
2023-07-05
Eurozone Producer Inflation Slows to Over 2-Year Low
Producer price inflation in the Euro Area declined to 1.0 percent year-on-year in April 2023, following a downward revision from the previous month's 5.5 percent and missing market expectations of 1.4 percent. The rate of inflation has been easing for eight consecutive months and reached its lowest level since January 2021, primarily driven by a significant drop in energy prices (-8.9 percent vs 0.0 percent in March). Furthermore, prices increased at a slower pace across other categories as well: intermediate goods (1.3 percent vs 5.8 percent); capital goods (6.1 percent vs 6.7 percent); durable (7.3 percent vs 8.2 percent); and non-durable goods (10.9 percent vs 13.4 percent). Excluding energy, producer price inflation slowed to 5.1 percent year-on-year in April from 8.0 percent in March. On a monthly basis, producer prices tumbled 3.2 percent in April, the largest decline on record.
2023-06-05