Italy Producer Prices Continue To Fall
Italy's producer prices continued to decline sharply in March, data from the statistical office ISTAT showed on Thursday.
Producer prices posted an annual decrease of 9.6 percent after a 10.8 percent drop in February. Producer prices have been falling since April 2023.
The annual decline in March was largely driven by a 28.1 percent plunge in energy costs. Prices for intermediate goods were 5.6 percent lower.
Prices in the domestic market were down 12.7 percent, and those in the foreign market decreased by 1.2 percent.
On a monthly basis, producer prices dropped 0.2 percent after a 1.0 percent decline in the previous month. This was the fifth successive monthly fall.
Economic News
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