Latest data released by Eurostat - 2 July 2020
- Prior -2.0%
- PPI -5.0% vs -4.5% y/y expected
- Prior -4.5%
Producer prices sink further in May in another sign of waning inflation pressures in the region, with the annual reading now at its lowest since October 2009. Although this is a lagging and proxy indicator of inflation, it isn't pointing towards a healthy sign as producer prices are well in deflation territory at the moment.
