The annual producer inflation in the Euro Area increased to a new record high of 37.2% in April of 2022 from an upwardly revised 36.9% in March, showing that inflationary pressures in Europe have not peaked yet, and reinforcing the case for the ECB to start tightening faster. Still, figures came below market forecasts of 38.5%. The main driver behind the surge continued to be the energy (99.2%) but rises were also widespread in other categories. Excluding energy, prices rose 15.6% including intermediate goods (25.1%), non-durable consumer goods (11.2%), durable consumer goods (8.5%), and capital goods (7.2%). Compared to the previous month, producer prices increased 1.2%. source: EUROSTAT
Producer Prices Change in the Euro Area averaged 2.34 percent from 1982 until 2022, reaching an all time high of 37.20 percent in April 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 June of 2022.
Producer Prices Change in Euro Area is expected to be 36.00 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 2.50 percent in 2023 and 2.00 percent in 2024, according to our econometric models.