Euro Area producer prices fall 0.3% in June 2026, first drop in four months

Energy prices fell 1.5% in the euro area in June, while annual producer price growth came in at 4.6% and core producer prices excluding energy rose 0.2% across both the euro area and the EU.

Summary

Euro area industrial producer prices fell 0.3% month on month in June 2026, the first decline in four months, after a 0.2% increase in May and slightly more than the 0.2% drop expected by the market. The monthly fall was driven by a 1.5% decline in energy prices, while intermediate goods, capital goods and durable consumer goods all rose modestly and non-durable consumer goods were unchanged. Excluding energy, producer prices increased 0.2% in both the euro area and the EU, indicating underlying price pressures remained firmer than the headline reading. Across the wider EU, producer prices fell 0.2% on the month after a 0.2% increase in May. On an annual basis, industrial producer prices rose 4.6% in the euro area and 4.7% in the EU, with energy up 8.8% and 10% respectively. Among member states, Lithuania recorded the steepest monthly decline, while Bulgaria posted the largest annual increase and Luxembourg was the only country to report an annual fall.

Terms & Concepts
  • producer prices: Prices received by manufacturers and other producers for goods sold before they reach consumers.
  • intermediate goods: Goods used as inputs in the production of other goods rather than sold for final use.
  • capital goods: Machinery, equipment and other durable assets used to produce goods and services.