Eurozone producer prices increased at a slower pace in July due to the fall in energy prices, Eurostat said on Wednesday.
Producer prices rose only 0.2 percent on a yearly basis compared to June's increase of 0.6 percent. Prices were forecast to rise 0.1 percent.
However, excluding energy, producer price inflation rose slightly to 1.0 percent from 0.9 percent.
Month-on-month, the increase in producer prices halved to 0.4 percent from 0.8 percent in June. The rate was above economists' forecast of 0.2 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.