Latest data released by Eurostat - 1 October 2020
- Prior +0.6%; revised to +0.7%
- PPI -2.5% vs -2.7% y/y expected
- Prior -3.3%; revised to -3.1%
Euro area producer prices edge a little higher in August but on an annual basis, still sits in deflation territory. This is a proxy and lagging indicator of inflation pressures, so the release here doesn't really do much to alter the current outlook.
