Producer prices in the euro area increased by 0.8% in July compared to the previous month, Eurostat said in its latest release. The Producer Price Index (PPI) also grew by 0.8% in the European Union. Conversely, the PPI dropped by 2.1% in the Eurozone and 1.9% in the EU compared to July 2023.
Month-on-month, producer prices in the euro area decreased by 0.1% for intermediate goods, by 0.1% for durable consumer goods and by 0.1% for non-durable consumer goods. Energy prices rose by 2.8% and they remained stable for capital goods. Annually, the Eurozone saw a 6.9% fall in producer prices for energy and 1.2% for intermediate goods, while producer prices for capital goods grew by 1.4%, durable consumer goods recorded a 0.3% rise and non-durable consumer goods prices added 1%.
