Producer prices in the Eurozone fell again in May, dropping by 0.2% from the previous month, contrary to economists' expectations of a 0.1% increase, according to Eurostat. Annually, prices were down 4.2%, exceeding the forecasted 4.0% decline.
Across the entire EU, producer prices decreased by 0.3% month-over-month and by 4.0% year-over-year. These prices often indicate future consumer price trends as businesses typically pass on their costs to customers.