Producer prices in Italy are still falling. In February they decreased by 1% on a monthly basis and by 10.8% on an annual basis from -10.7% in January. This is what theIstat.
In the December 2023-February 2024 quarter, compared to the previous one, industrial producer prices decreased by 2.6% (-3.5% domestic market, -0.4% foreign market).
Also in February on the domestic market prices decreased by 1.5% compared to January and by 14.2% on an annual basis from -14% in January. Net of the energy sector, they recorded a modest economic decline (-0.1%) and a stable trend decline at -2.1%.
On the foreign market, prices increased by 0.1% on a monthly basis (-0.2% euro area, +0.4% non-euro area) and decreased by 1.3% on an annual basis (-2.2% area euro, -0.4% non-euro area).
Let us remember that the production prices of industrial products, as theIstat, the Italian statistical institute, measure the variations over time in the prices that form in the first stage of marketing. Like the consumer price index, it is one of the main indicators of inflation. Producer prices therefore refer to transactions between companies, in particular between the selling company with production plants located in Italy and the purchasing company which operates on the national territory or abroad. L’Istat calculates them by recording the prices, net of VAT, of 1,793 products on a sample of 6,583 companies.
PHOTO: SHUTTERSTOCK
