Looking at the breakdown, the major drag on the month is mostly due to a fall in energy prices (-7.7%). If you strip that out, euro area PPI actually was up 0.1% in April compared to March. There were increases in the prices for durable consumer goods (+0.1%) and non-durable consumer goods (+0.3%). That is marginally offset by a drop in prices for intermediate goods (-0.1%) while capital goods were flat.
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