Industrial producer prices in Italy increased by 5.8 percent year-on-year in October 2018, following a 4.7 percent gain in the previous month. It was the highest industrial producer inflation rate since September 2008, as prices rose at a faster pace for manufactured goods sold in the domestic market (7.1 percent compared to 5.6 percent in September). On the other hand, cost of manufactured goods sold in the foreign market slowed to 1.9 percent in October from 2.0 percent in the prior month. On a monthly basis, producer prices went up 1.3 percent, after increasing 0.4 percent in September. Producer Prices Change in Italy averaged 1.95 percent from 1992 until 2018, 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 3.70 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 2.30 in 12 months time. In the long-term, the Italy Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.