FX.co ★ Italy Producer Prices Rise 1.2% In November

In November, Italy experienced a continued rise in producer prices for the second consecutive month, according to recent data published by the statistical office ISTAT. This month saw a producer price increase of 1.2%, following a 0.7% rise in October.

The primary factor behind this escalation was a significant 4.8% increase in energy costs. In contrast, prices for both consumer goods and intermediate goods saw modest growth of just 0.1% each. Meanwhile, the prices for capital goods experienced a decline of 0.2%.

Within the domestic market, prices surged by 1.8%, whereas a slight decrease of 0.1% was noted in the foreign market.

On an annual scale, the decrease in producer prices lessened to 0.5%, improving from a 2.8% decline recorded in the previous month. Notably, producer prices have been on a downward trajectory since April of the preceding year.

Additionally, separate official figures indicated a 5.3% year-on-year drop in the value of industrial sales. However, on a monthly basis, industrial turnover saw a minor uptick of 0.5%.