Producer prices in Italy decreased 0.5 percent year-on-year in July of 2019, down from a 0.9 percent rise in the previous month. It was the first fall in producer prices since November of 2016, as cost fell for manufactured goods sold in the domestic market (-0.8 percent from 1.1 percent in June). Meantime, prices continued to increase in the foreign market (0.3 percent from 0.2 percent). On a monthly basis, producer prices showed no growth, after a 0.3 percent drop in June. Producer Prices Change in Italy averaged 1.96 percent from 1992 until 2019, reaching an all time high of 9.20 percent in July of 1995 and a record low of -7.60 percent in July of 2009.
Producer Prices Change in Italy is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Italy to stand at 0.90 in 12 months time. In the long-term, the Italy Producer Prices Change is projected to trend around 1.70 percent in 2020, according to our econometric models.