Italy’s producer prices rose 7.3% year-on-year in May 2026, the fastest pace since February 2023 and up from 6.8% in April. Domestic prices accelerated to 9.1%, compared with 8.8% in the previous month, driven in particular by energy: electricity and gas prices increased 12.6%, up from 10.3% in April. Excluding energy, producer prices were up 2.4%.
On foreign markets, producer prices advanced 2.7% overall, with a 3.1% increase in the euro area and a 2.4% rise in non-euro area markets.
By sector, coke and refined petroleum products saw the sharpest annual increase at 67.6%, though this represented a slowdown from 79.1% in April. They were followed by chemicals, up 8.0%, and by metallurgy and fabricated metal products (excluding machinery and equipment), up 5.8%.
Abroad, coke and refined petroleum products also posted the strongest gains, rising 41.4%. They were followed by “other manufacturing industries” and by the repair and installation of machinery and equipment, which increased by 8.6% in the euro area and 11.7% in non-euro area markets.
On a monthly basis, overall producer prices slipped 0.2% in May, reversing the 0.3% increase recorded in April.
