In April, industrial producer prices decreased by 4.8% on a monthly basis and by 1.5% on an annual basis (it was +3.7% in March). This was communicated by Istat underlining that it is the fourth economic decrease and the first annual. Moreover, in the quarter February-April 2023, compared to the previous quarter, industrial producer prices decreased by 7.7% (-10.0% on the domestic market, no change on the foreign market). "Industrial producer prices mark the fourth consecutive cyclical decline, which is also marked, and for the first time, after more than two years of growth, they are falling on an annual basis.
The sharp falls in electricity and gas supply prices on the domestic market contribute to the deflationary dynamics. Net of the energy component, prices are stationary on a monthly basis and grow on an annual basis by 4.2% (from +6.2% in March), underlines Istat.
Production prices collapse in April -4.8%, in the quarter -7.7%
2023-05-30T09:33:48.476Z
Highlights: Fourth cyclical decrease and first on an annual basis. The decline in energy weighs on deflationary dynamics (ANSA) In April, industrial producer prices decreased by 4.8% on a monthly basis and by 1.5% on an Annual basis. For the first time, after more than two years of growth, they are falling on an annually basis.The sharp falls in electricity and gas supply prices on the domestic market contribute to the deflationary. dynamics. Net of the energy component, prices are stationary on a Monthly basis and grow on anAnnual basis by4.2%.
Fourth cyclical decrease and first on an annual basis. The decline in energy weighs on deflationary dynamics (ANSA)
