FX.co ★ Euro Area Producer Prices Slow in April

Producer prices in the Eurozone rose 0.6% month-on-month in April 2026, easing from a 3.4% jump in March—the largest increase since August 2022—but still coming in above market expectations of a 0.4% gain. Energy prices declined 0.4% in April, following an 11% surge in March driven by the energy shock linked to the conflict with Iran. Excluding energy, producer prices climbed 0.9%, accelerating from a 0.4% increase in the previous month.

By main components, prices for intermediate goods rose more sharply (1.8% vs. 0.7% in March), while prices for durable consumer goods increased 0.3% (up from 0.1%). Prices for non-durable consumer goods were flat after a 0.3% rise in March, and capital goods prices advanced 0.3%, matching the prior month’s pace.

Among the Eurozone’s largest economies, producer price growth moderated in Germany (1.2% vs. 2.5% in March), Italy (0.1% vs. 5.9%), and Spain (1.7% vs. 6.2%), while prices fell in France (-2.1% vs. +1.9%). On an annual basis, Eurozone producer prices increased 4.9% in April, marking the strongest year-on-year gain since March 2023.