Italy sees sharp decline in industrial producer prices in Jan 2024

12 Mar '24

1 min read

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Insights

In January 2024, Italy's industrial producer prices fell by 1.7 per cent from the previous month, with a sharper 2.5 per cent drop in the domestic market and a slight 0.2 per cent decrease internationally.
Quarterly, prices dropped by 1.1 per cent, leading to a significant YoY decline of 10.7 per cent, highlighting a 14 per cent reduction domestically.

Italy experienced a notable decrease in industrial producer prices in January 2024, dipping by 1.7 per cent compared to December 2023, according to the latest data from the Italian National Institute of Statistics (Istat). The decline was more pronounced in the domestic market, where producer prices fell by 2.5 per cent, while the decrease was modest on the non-domestic market at 0.2 per cent.

Analysing the performance over the last quarter, industrial producer prices showed a cumulative decrease of 1.1 per cent, reflecting a 1.4 per cent drop in the domestic market and a 0.6 per cent decline in the non-domestic market.

Year-on-year comparison further accentuates the downturn, with industrial producer prices in January 2024 plummeting by 10.7 per cent from January 2023. The domestic market faced a steep 14 per cent reduction, while the foreign market saw a more contained decrease of 1.5 per cent.

Fibre2Fashion News Desk (DP)

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