May’s producer price index aligns with expectations, while annual inflation accelerates to 5.9%, exceeding forecasts.
Eurozone producer prices increased by 0.2% month-on-month in May, matching consensus estimates. The annual rate climbed to 5.9%, above the expected 5.7%, signaling persistent inflationary pressures in the region.
The prior month’s monthly gain was revised upward to 0.7% from 0.6%, while the year-on-year figure was adjusted to 5.0% from 4.9%. The data reflects ongoing supply chain and energy cost dynamics affecting industrial prices.
Markets are monitoring the figures for implications on European Central Bank policy, though immediate reactions remain muted as the print aligns with forecasts.