Producer prices in the Euro Area increased 0.8 percent from a month earlier in December of 2020, following a 0.4 percent rise in November and slightly above market consensus of a 0.7 percent gain. Energy contributed the most to the increase, rising 2.2 percent (vs 1.3 percent in November). Additional upward pressure came from intermediate goods (0.4 percent vs 0.3 percent), capital goods (0.1 percent vs flat reading) and durable consumer goods (0.1 percent vs flat reading). Prices for non-durable consumer goods were flat. On a yearly basis, producer prices declined 1.1 percent, following a 1.9 percent fall in November and compared to forecasts of a 1.2 percent decrease. source: EUROSTAT
Producer Prices in the Euro Area averaged 81.14 points from 1981 until 2020, reaching an all time high of 106.30 points in October of 2018 and a record low of 49.10 points in January of 1981. This page provides the latest reported value for - Euro Area Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Producer Prices in Euro Area is expected to be 101.68 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in Euro Area to stand at 105.37 in 12 months time. In the long-term, the Euro Area Producer Prices is projected to trend around 107.47 points in 2022 and 109.41 points in 2023, according to our econometric models.