Italy Producer Prices See Steeper Fall

Industrial producer prices in Italy fell 1.6% year-on-year in January 2026, deepening from a 1.4% decline in December and marking the largest drop since October 2024. Domestic producer prices fell 2.1%, as higher prices for metallurgy and manufacture of metal products (+4.3%) were offset by declines in electricity and gas supply (-6.1%) and coke and refined petroleum products (-10.7%). Meanwhile, foreign prices edged up 0.1%, supported by transport equipment (+5.0%) in the euro area and other manufacturing industries, including machinery repair and installation (+9.8%), in non-euro markets, despite sharp declines in coke and refined petroleum products (-17.2% in the euro area and -16.4% outside). Excluding energy, domestic producer prices rose 1.1%, accelerating from 0.9% in December. On a monthly basis, industrial producer prices went up 1.5%, the most in a year, rebounding from a 0.7% fall previously.

Industrial producer prices in Italy fell by 1.4% year-on-year in December 2025, slipping further from a 0.2% decline in the previous month. Domestic producer prices decreased 2%, with gains in basic pharmaceutical products and pharmaceutical preparations (3.4%), metallurgy and manufacture of metal products excluding machinery and equipment (2.9%), and other manufacturing industries (2.9%), being offset by lower costs for coke and refined petroleum products (-7.9%) and electricity and gas supply (-6.9%). Meanwhile, foreign prices rose 0.3%, led by the food, beverages, and tobacco industries (4.6%) and transport equipment (3.5%) in the euro area, and other manufacturing industries, repair and installation of machinery and equipment (9.1%) in non-euro area countries. Excluding energy, domestic producer prices rose 0.9% year-on-year, slightly easing from 1% in November. On a monthly basis, producer prices fell 0.7% in December, reversing a 1% gain in the previous month.

Industrial producer prices in Italy fell 0.2% year-on-year in November 2025, following a 0.1% gain in October, marking the first decline since November 2024. Domestic producer prices decreased 0.3%, while gains in other manufacturing industries (+3.1%), basic pharmaceutical products (+2.8%), and metallurgy (+2.5%) were offset by lower electricity and gas supply (-3.8%). Meanwhile, foreign prices rose 0.6%, led by transportation equipment (+6.4%) and food, beverages, and tobacco (+3.8%) in the euro area, and other manufacturing industries (+7.0%) in the non-euro area. Excluding energy, domestic producer prices rose 1.0% annually and 0.3% quarterly. On a monthly basis, producer prices jumped 1%, the largest increase since June, rebounding from a 0.2% fall in October, driven by higher energy prices, particularly refined petroleum products and electricity.