Latest data released by Eurostat - 2 December 2020

  • Prior +0.3%; revised to +0.4%
  • PPI -2.0% vs -2.3% y/y expected
  • Prior -2.4%; revised to -2.3%

Producer prices crept higher in October but on an annual basis, still sits in deflation territory. A lagging and proxy indicator of inflation, so not much to gather from this release.