Producer Prices in Italy
Italy - Producer Prices
Inflation comes in at highest level since 1986
Consumer prices increased 0.82% in May over the previous month, contrasting April's 0.09% fall. The higher print was largely due an acceleration of prices for non-regulated energy products as well as for recreation and culture.
Inflation came in at 6.8% in May, which was up from April’s 6.0%. May's figure marked the highest inflation rate since 1986. Annual average inflation rose to 4.0% in May (April: 3.6%). Finally, harmonized inflation rose to 7.3% in May, from April’s 6.3%.
Looking ahead to June, recent cuts to fuel excise tax, as well as electricity and gas tariffs will reduce upward pressure on inflation. That said, elevated prices for crude oil and natural gas will likely keep inflation elevated.
FocusEconomics panelists see harmonized inflation averaging 6.3% in 2022, which is down 0.1 percentage points from the previous month’s estimate, and 2.3% in 2023.
Italy - Producer Prices Data
|Inflation (PPI, annual variation in %)||-2.7||-1.9||2.3||3.3||0.2|
5 years of economic forecasts for more than 30 economic indicators.
Italy Producer Prices Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||1.31||-0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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June 24, 2022
Consumer confidence came in at 98.3 in June, down from May's 102.7. The rise was due to an across-the-board decrease in the index.
June 24, 2022
Business confidence came in at 113.6 in June, up from May's 110.0, pointing to improving sentiment among businesses.
June 16, 2022
Consumer prices increased 0.82% in May over the previous month, contrasting April's 0.09% fall.
June 10, 2022
Industrial output expanded 1.6% month-on-month in seasonally-adjusted terms in April (March: +0.2% s.a.
June 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) fell to 51.9 in May from April's 54.5.