Latest data released by Eurostat - 5 May 2021
- Prior +0.5%
- PPI +4.3% vs +4.3% y/y expected
- Prior +1.5%
A bit of a lagging indicator but higher producer prices just bolsters the inflation narrative further, with the year-on-year reading benefiting from the plunge in prices during the same period last year amid the initial impact of the pandemic.
