Euro Area PPI: July 2025

Euro area industrial producer prices rose +0.4% MoM and +0.2% YoY in July 2025, while EU-wide prices increased +0.6% MoM and +0.4% YoY, reflecting a modest rebound largely driven by energy.
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In the euro area, energy prices jumped +1.5% MoM, while intermediate goods fell -0.2%; capital goods (+0.1%), durable goods (+0.2%), and non-durable goods (0.0%) were broadly stable.
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EU data showed a stronger +2.3% MoM increase in energy, offsetting a -0.2% decline in intermediate goods; other categories saw small gains in capital (+0.1%) and durable consumer goods (+0.2%).
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On a YoY basis, euro area energy prices declined -1.2% while intermediate goods fell -0.3%; in contrast, capital goods (+1.8%), durable goods (+1.7%), and non-durable goods (+1.9%) all posted steady gains.
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EU annual data mirrored this pattern, with energy down -1.1% and intermediate goods -0.1%, while capital goods (+1.7%), durable goods (+1.6%), and non-durable goods (+2.2%) rose.
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Country detail: Romania (+6.7% MoM), Bulgaria (+5.7%), and Slovakia (+2.8%) posted the strongest monthly increases, while Estonia (-1.0%), Latvia (-0.7%), and Luxembourg (-0.4%) saw declines; Bulgaria (+10.7% YoY) led annual gains, while Estonia (-6.1%), Luxembourg (-4.5%), and Portugal (-3.6%) recorded the steepest drops.