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Saturday, June 19, 2021

Eurozone March PPI +1.1% vs +1.2% m/m expected

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Latest data released by Eurostat – 5 May 2021

  • Prior +0.5%
  • PPI +4.3% vs +4.3% y/y expected
  • Prior +1.5%

A bit of a lagging indicator but higher producer prices just bolsters the inflation narrative further, with the year-on-year reading benefiting from the plunge in prices during the same period last year amid the initial impact of the pandemic.
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