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Eurozone Producer Prices Rebound in October 2024

Producer prices in the Eurozone rose by 0.4% in October 2024. This increase follows a 0.6% decline in September and aligns with market expectations.

  • Energy prices rebounded, increasing by 1.4% after a 1.9% fall.
  • Durable consumer goods prices continued to rise, up by 0.3%.
  • Non-durable consumer goods prices increased by 0.2%.
  • Capital goods prices remained unchanged.
Eurozone Producer Prices Rebound in October 2024
EA Producer Price Inflation Index

Energy and Consumer Goods Drive Prices High

Energy prices saw a significant rebound, climbing by 1.4% after a 1.9% decrease in September. Prices for durable consumer goods rose by 0.3%, and non-durable consumer goods increased by 0.2%. Capital goods prices stayed the same as in the previous month.

In the Eurozone’s largest economies, producer prices showed mixed trends. Italy experienced a 1% increase, France saw a 0.9% rise, and Germany had a modest 0.2% growth.

However, producer prices in Spain fell slightly by 0.1%. On a yearly basis, producer prices in the Eurozone decreased by 3.2%, following a previous drop of 3.4%.

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