Latest data released by Eurostat - 3 December 2019

  • Prior +0.1%
  • PPI -1.9% vs -1.8% y/y expected
  • Prior -1.2%

It may be a lagging and proxy indicator of price pressures but the trend is definitely not encouraging. Producer prices are declining at their fastest annual pace since July 2016 and that may yet spell trouble to consumer prices in the bigger picture.