Euro area industrial producer prices fell -0.6% MoM (vs -0.5% expected) in May 2025, following a -2.2% MoM decline in April, but rose +0.3% YoY.

• Energy prices dropped -2.1% MoM and -1.4% YoY; excluding energy, prices rose +0.1% MoM and +1.1% YoY.
• Intermediate goods prices fell -0.1% MoM but rose +0.3% YoY.
• Capital goods prices were flat MoM and up +1.6% YoY; durable and non-durable consumer goods rose +0.3% and +0.2% MoM, respectively.
• Largest MoM declines were seen in Bulgaria (-3.7%), Greece (-1.9%), and Finland (-1.8%); Cyprus posted the highest increase (+1.0%).
• On an annual basis, Bulgaria (+7.8%) and Greece (+6.4%) recorded the strongest PPI gains, while Portugal (-2.8%) and Lithuania (-2.5%) saw the largest drops.