Industrial producer prices in Italy fell by 1.5% year-on-year in April of 2023, the first decline since January of 2021 to mark a swift retreat since hitting the record high of 41.7% in September 2022. The decline was led by an 18.1% decrease in energy prices, as industrial costs of oil and natural gas have recovered from the surge triggered by the Russian invasion of Ukraine and consequent sanctions against the former. In the meantime, inflation persisted for consumer goods (7.8%), capital goods (5.2%), and intermediate goods (0.7%). On a monthly basis, producer prices fell by 4.6%, the fourth consecutive decline, and well above market expectations of a 0.5% increase. source: National Institute of Statistics (ISTAT)
Producer Prices Change in Italy averaged 3.09 percent from 1992 until 2023, reaching an all time high of 41.70 percent in September of 2022 and a record low of -7.60 percent in July of 2009. This page provides the latest reported value for - Italy Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Producer Prices Change in Italy is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Producer Prices Change is projected to trend around 3.00 percent in 2024 and 3.30 percent in 2025, according to our econometric models.