Italy’s industrial producer prices declined by 1.6% year-on-year in January 2026, following a 1.4% drop in December and marking the sharpest fall since October 2024. Domestic producer prices fell by 2.1%: price increases in metallurgy and the manufacture of metal products (+4.3%) were more than offset by lower prices in electricity and gas supply (-6.1%) and in coke and refined petroleum products (-10.7%).
In contrast, producer prices for foreign markets inched up 0.1%. This modest rise was driven by higher prices for transport equipment in the euro area (+5.0%) and for other manufacturing industries, including machinery repair and installation (+9.8%), in non-euro markets. These gains occurred despite steep price drops in coke and refined petroleum products (-17.2% in the euro area and -16.4% outside the euro area).
Excluding energy, domestic producer prices increased by 1.1% year-on-year, accelerating from a 0.9% rise in December. On a monthly basis, overall industrial producer prices climbed 1.5%, the strongest increase in a year, after having fallen by 0.7% in the previous month.
