The producer price inflation in the Euro Area eased further to 27.1 percent year-on-year in November 2022, down from a revised 30.5 percent in the previous month and below market expectations of 27.5 percent. Still, it continued to indicate inflationary pressures across Europe remained high amid a looming economic recession, rising borrowing costs and a deepening energy crisis. It was the lowest rate since December 2021 as cost rose at a softer pace for energy (55.7 percent vs 64.9 percent in October), intermediate goods (15.3 percent vs 17.5 percent) and durable consumer goods (9.4 percent vs 9.8 percent), while inflation was unchanged for both capital (at 7.6 percent) and non-durable consumer goods (at 16.0 percent). Without energy, producer prices rose 13.1 percent year-on-year in November, decelerating from 14.0 percent the month before. source: EUROSTAT
Producer Prices Change in Euro Area averaged 2.82 percent from 1982 until 2022, 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 January of 2023.
Producer Prices Change in Euro Area is expected to be 17.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.