European May Producer-Price Inflation Slowed More Than Forecast
This article is for subscribers only.
European producer-price inflation slowed more than economists forecast in May as the economic recovery faltered and oil prices retreated.
Factory-gate prices in the euro region increased 6.2 percent from a year earlier after rising 6.7 percent in April, the European Union’s statistics office in Luxembourg said today. Economists had projected a gain of 6.3 percent, according to the median of 21 estimates in a Bloomberg news survey. Prices fell 0.2 percent from April, when they rose 0.9 percent.