Industrial producer price inflation in the Euro Area came in at 2.9 percent year-on-year in March 2019, little-changed from the previous month's 3 percent and slightly below market expectations of 3 percent. Prices rose at slower pace for energy (7.8 percent vs 7.9 percent in February) and non-durable consumer goods (0.1 percent vs 0.4 percent) while inflation was steady for capital goods (at 1.5 percent), durable consumer goods (at 1.5 percent) and intermediate goods (at 1.3 percent). Among the bloc's largest economies, the biggest upward pressure came from Italy (3.7 percent vs 3.9 percent), Germany (2.5 percent vs 2.8 percent), Spain (2.5 percent vs 1.7 percent) and France (1.9 percent vs 2.1 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 2.50 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 1.80 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.