Producer prices in the European Union rose 2.6 percent month on month in September and 10.9 percent year on year, Eurostat said. In the euro area the monthly increase was 2.5 percent and the annual rise 11.1 percent. Eurostat attributed the euro area rise to higher energy prices.
Bulgaria recorded the largest monthly increase among member states, at 4.6 percent. Lithuania followed with 4.2 percent, while Greece and Spain each posted 3.9 percent. Luxembourg and Malta were unchanged month on month.
Annual gains spread across member states
On an annual basis Bulgaria led with a 22.9 percent increase in producer prices. Ireland recorded 19.9 percent and Lithuania 19 percent. Luxembourg was the exception, with producer prices down 8.1 percent year on year.
The spread between member states is wide.
Euro rate and positioning
The European Central Bank’s main refinancing rate stood at 2.50 percent by our market data, in force since 4 November 2026. EUR/USD traded at $1.1217 as of 14:06 GMT on 5 November, by our measurement.
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CFTC data shows speculators net short the euro at 143,894 contracts in the report of 27 October 2026, up from 134,524 a week earlier.
Related: Euro Area Inflation Flash Matches Forecast at 4% · Euro Area factory activity slips to 52.7 in October
Source: Eurostat | Data: European Central Bank · Swissquote · CFTC
