Latest data released by Destatis - 19 June 2019
- Prior +0.5%
- PPI +1.9% vs +2.1% y/y expected
- Prior +2.5%
Slight delay in the release by the source. Producer and import prices unexpectedly slips for the month of May and this feeds into the rhetoric of slowing inflationary pressures in the euro area as of late - despite this being a proxy indicator.
The annual estimate falls to its weakest pace since April last year and that won't add to any positive signs to the inflation outlook.
