Eurostat released its producer price index for the Eurozone on Tuesday. Eurozone's producer price index declined 0.1% in June, missing expectations for a flat reading, after a flat reading in May.
Intermediate goods and non-durable consumer goods prices were flat in June, and capital goods prices rose 0.1%, while durable consumer goods prices climbed 0.1%.
On a yearly basis, Eurozone's producer price index dropped 2.2% in June, in line with expectations, after a 2.0% fall in May.
Eurozone's producer prices excluding energy fell 0.4% year-on-year in May. Energy prices dropped at an annual rate of 7.0%.