Industrial producer price inflation in the Euro Area came in at 3 percent year-on-year in January 2019, unchanged from the previous month's seven-month low and slightly above market expectations of 2.9 percent. A slowdown in prices for energy (7.3 percent vs 7.7 percent) and intermediate goods (1.7 percent vs 2.2 percent) was offset by an acceleration in costs for capital (1.4 percent vs 1.1 percent), durable (1.4 percent vs 1.3 percent) and non-durable consumer goods (0.4 percent vs 0.3 percent). Among the bloc's largest economies, prices rose slower for Germany (2.8 percent vs 2.9 percent), while increased faster for France (1.4 percent vs 1.3 percent) and Spain (1.9 percent vs 1.7 percent). Producer Prices Change in the Euro Area averaged 1.96 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 2.30 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 1.70 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.