Details of the November 2016 Eurozone PPI data report 5 January 2017
- Prior 0.8%
- 0.1% vs -0.1% exp y/y. Prior -0.4%
This data is lagging so we should expect to see Dec’s numbers jump, much like we did the inflation numbers in Europe this week. On the month, consumer goods prices remained soft. We can see from the year on year details where the price pressure is going to come from. Energy was down 8.7% back in June and that’s being undone at a rapid pace.