In December 2024, industrial producer prices in Italy rose by 1.1% year-on-year, recovering from the 0.5% decline observed in November.
Italy's producer prices up 1.1% in December 2024
This was the first year-on-year increase in producer prices since March 2023, driven by higher costs in the domestic market, which rose by 1.3%. The energy sector, particularly the electricity and gas supply, played a significant role in this increase. On the other hand, prices in foreign markets grew slower, with a 0.4% overall rise—0.3% in the Euro area and 0.8% in the non-Euro area.
Italy's producer prices rise 0.6% in December, fall 4.2% in 2024
Month-on-month, producer prices climbed by 0.6% in December, slightly moderating from the four-month high of 1.2% recorded in November. Looking at the overall trend for 2024, industrial producer prices fell by 4.2%, a smaller decline than the 5.7% drop in 2023.
