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Essentials Daily Insights

Declining Producer Prices Foreshadow Lower Eurozone CPI Inflation

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Eurozone producer prices fell by more than anticipated in May. The -1.5% y/y decrease – which marked the first annual drop since December 2020 – was more pronounced than expectations of a -1.3% y/y decline and followed a downwardly revised 0.9% y/y increase…

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