Eurozone Producer Price Inflation Accelerates in June

Producer prices in the Eurozone rose 0.6% mom in April 2026, following a 3.4% surge in March, which marked the largest increase since August 2022, and above expectations of 0.4%. Energy prices fell 0.4% in April, after soaring 11% in March amid the energy shock triggered by the conflict with Iran. Excluding energy, producer prices increased 0.9%, accelerating from a 0.4% rise in the previous month. Among the main components, prices for intermediate goods rose at a faster pace (1.8% vs. 0.7%), while durable goods prices increased 0.3% (vs. 0.1%). Prices for non-durable goods were unchanged after rising 0.3% in March, and capital goods prices increased 0.3%, matching the previous month's rate. Across the Eurozone's largest economies, producer prices moderated in Germany (1.2% vs. 2.5%), Italy (0.1% vs. 5.9%), and Spain (1.7% vs. 6.2%), while prices declined in France (-2.1% vs. 1.9%). On an annual basis, producer prices advanced 4.9% in April, the strongest increase since March 2023.

Eurozone industrial producer prices rose 0.2% year-over-year in July 2025, surpassing market expectations of 0.1% and following a 0.6% increase in June. Sharp price gains in non-durable consumer goods (1.9% vs 1.9% in June), capital goods (1.8% vs 1.7%), and durable consumer goods (1.7% vs 1.5%) were partially offset by declines in energy (-1.2% vs 0.0%) and intermediate goods (-0.3% vs -0.1%). On a monthly basis, producer prices increased 0.4% in July, above the forecasted 0.2% and following June’s 0.8% rise.

Eurozone producer price inflation accelerated to 0.6% year-over-year in June 2025, rising from 0.3% in May and slightly exceeding market expectations of 0.5%. Price growth strengthened for both durable consumer goods (1.5% vs. 1.4% in May) and non-durable consumer goods (2.0% vs. 1.9%). Energy prices declined at a slower rate (-0.1% vs. -1.5%), while capital goods inflation remained steady at 1.7%. Meanwhile, intermediate goods costs fell by 0.1%, marking the first decrease since November 2024. On a monthly basis, producer prices rose 0.8% in June, ending three consecutive months of steep declines.