Italy Producer Prices Fall Most Since 2024

Industrial producer prices in Italy fell 2.7% year-on-year in February 2026, deepening from a 1.6% decline in January and marking the sharpest drop since October 2024. Domestic prices fell 3.7%, pressured by a steep decline in electricity and gas supply (-12.4%) and continued weakness in coke and refined petroleum products (-5.5%). Meanwhile, foreign prices edged up 0.2%, supported by increases in transport equipment (+6.9% in the euro area) and other manufacturing industries, including machinery repair and installation (+5.4% in the euro area and +13.5% in non-euro markets). Excluding energy, domestic producer prices rose 1.1% year-on-year, unchanged from January. On a monthly basis, industrial producer prices fell 0.4%, reversing a 1.5% jump in January, which was the sharpest in a year. Over the three months to February, industrial producer prices rose 0.6% compared to the previous period.

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.