Industrial producer prices in the Euro Area rose 1.6 percent year-on-year in May 2019, easing from a 2.6 percent increase in the previous month and missing market expectations of 1.7 percent. That was the lowest producer inflation since February 2018 as prices rose at softer pace for: energy (3.1 percent vs 6.4 percent); intermediate goods (0.8 percent vs 1.2 percent); and durable consumer goods (1.4 percent vs 1.5 percent). Meanwhile, inflation picked up for capital goods (1.6 percent vs 1.5 percent) and non-durable consumer goods (0.9 percent vs 0.7 percent). Producer Prices Change in the Euro Area averaged 1.97 percent from 1982 until 2019, reaching an all time high of 10.80 percent in January of 1982 and a record low of -8.20 percent in July of 2009.
Producer Prices Change in Euro Area is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Euro Area to stand at 1.90 in 12 months time. In the long-term, the Euro Area Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.