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

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.
Invest in yourself. See our forex education hub. Source

Leave a Reply

Your email address will not be published. Required fields are marked *