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Internal Market, Industry, Entrepreneurship and SMEs

Decomposing producer price inflation in the euro area – quarterly update

Updated every quarter, this indicator provides a measure of the relative importance of supply and demand factors in determining the inflationary pressure in the euro area.

Key messages of this edition

  • In 2025Q3, producer prices in industry in the euro area were stable (-0.4% year-on-year).
  • Producer price inflation has now been broadly stable for more than a year.
  • Neither demand nor supply factors play any inflationary role.