Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April

Producer prices in the eurozone fell by 2.2 percent in April, more than the 1.8 percent expected by analysts, after a 1.7 percent monthly decline in the previous month.

Producer prices in the EU fell by 2.1 percent in April compared with March, when the monthly decline was 1.6 percent.

Energy prices in the eurozone fell by 7.7 percent in a month, after falling by 5.8 percent in March. Energy prices in the European Union fell by 7.1 percent in April on a monthly basis, after falling by 5.5 percent in March.

Excluding energy prices, producer prices rose by 0.1% month-on-month in both the euro area and the EU.

In the year to April 2024, producer prices in the euro area rose by 0.7%, compared with the 1.2% forecast by analysts and following a 1.9% increase in the previous month. Energy prices in the euro area fell by 0.3%, after an annual increase of 4% in the previous month.

In the EU, producer prices rose by 0.6% year-on-year in April, after a 2.1% increase in the previous month. Energy prices in the European Union fell by 0.5% in April, after a 4.3% increase in March.

Excluding energy prices, producer prices in the euro area rose by 1.1% year-on-year in April and by 1.2% in the EU.