Annual producer inflation in the Euro Area hit a fresh record high of 36.8 percent in March of 2022, compared to a revised 31.5 percent in February and above market expectations of 36.3 percent. Main upward pressure came from rising energy costs (104.1 percent vs 87.3 percent in February) as Russia's invasion of Ukraine pushed up prices that were already rising due to the economic recovery following the pandemic. Excluding energy, producer inflation rose 13.6 percent, driven by more expensive intermediate goods amid persistent supply bottlenecks. On a monthly basis, producer prices rose 5.3 percent after a 1.1 percent gain in February. source: EUROSTAT
Producer Prices Change in the Euro Area averaged 2.27 percent from 1982 until 2022, reaching an all time high of 36.80 percent in March 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 May of 2022.
Producer Prices Change in Euro Area is expected to be 28.00 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.