Istat, production prices services 1st quarter +1.1%

Istat, production prices services 1st quarter +1.1%
Istat, production prices services 1st quarter +1.1%

In the first quarter of 2024, the producer prices of services they mark a cyclical growth (+1.1%), driven mainly by the rise in prices of services transport and storage (+2,9%)in particular, of the services of maritime transport (+5,6%) and transport support activities, with the exception of air transport (-0.8%).

On a trend basisthe growth rate (+2.6%) is stable compared to the previous quarter. %). On an annual basis, prices for transport and storage services increased by 4.2% (it was +1.0% in the previous quarter).

In the first quarter of 2024, the prices of information and communication services show a modest cyclical decline (-0.1%) and increase by 1.4% on a trend basis. The prices of professional, scientific and technical activities do not vary in cyclical terms and record a slowing annual growth (+2.0%, from +4.7% in the fourth quarter of 2023). Producer prices of rental services, travel agencies and business support services grew by 1.1% compared to the fourth quarter of 2023. On an annual basis, their growth slowed (+1.9%, from +4.1% in the previous quarter).

For the total market, business and consumer, in the first quarter of 2024, producer prices of services recorded a cyclical increase of 1.0% and a trend growth of 2.8%.

 
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