Eurozone Producer Prices Rise More than Expected

Industrial producer prices in the Euro Area rose 0.7% month over month in January 2026, reversing a 0.3% decline in December and surpassing market expectations of a 0.2% increase. The rebound was largely driven by higher energy prices (1.3% vs. -1.2% in December), alongside stronger gains in intermediate goods (1.0% vs. 0.3%), durable consumer goods (0.8% vs. 0.2%), and capital goods (0.6% vs. 0.0%). In contrast, prices for non-durable consumer goods fell 0.2%, extending December’s 0.1% decline. On an annual basis, producer prices were 2.1% lower than a year earlier, following a 2.0% year-on-year decrease in December.

Industrial producer prices in the Euro Area decreased 0.3% month-over-month in December 2025, following a 0.7% increase in November, in line with market expectations. Cost fell for energy (-1.2% vs 2.7% in November), capital goods (-0.1% vs 0.2%) and non-durable consumer goods (-0.2%, the same as in November). Also, prices eased for durable consumer goods (0.2% vs 0.3%), while cost accelerated for intermediate goods (0.3% vs 0.2%). On an annual basis, producer prices fell 1.7%, marking the fourth consecutive month of year-on-year decline.

Industrial producer prices in the Euro Area rose 0.5% month-over-month in November 2025, following a 0.1% increase in October and above market expectations of 0.2%. Cost rose faster for energy (1.8% vs 0.1% in October), intermediate goods (0.3% vs 0.1%), and durable consumer goods (0.3% vs 0.2%). Meanwhile, inflation was steady for capital goods (at 0.1%) and prices continued to fall for non-durable goods (-0.2%, the same as in October). On an annual basis, producer prices fell 1.7%, marking the fourth consecutive month of year-on-year decline.