Euro zone producer price inflation adds at the slowest pace in 2017

Euro zone producer price inflation adds at the slowest pace in 2017

In June, euro zone prices at factory gates headed north at their slowest pace in 2017, lifting the prospect of an ongoing easing of consumer inflation later this year, according to data published by the European Union's statistics office on Wednesday.

Eurostat informed that industrial producer prices in June, in the European Union leapt 2.5% on the year, tumbling from May’s upwardly revised 3.4% soar as well as a 4.3% ascend in April.

June’s reading turned to be the lowest outcome in 2017, hinting that inflationary pressures are going down, complicating the ECB’s plans to start a gradual tightening of its monetary policy already in autumn.

In July, headline inflation stood still sticking to 1.3%, which is far from its 2% ascend hit in February, as  preliminary estimates issued by Eurostat state. The ECB's objective is for an inflation rate below, though close to 2%.

Notwithstanding the monthly easing, producer prices soared on the year by more than predicted by financial experts surveyed by Reuters, who had forecast a 2.4% leap in June.

 

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera