Italy's producer price inflation fell to 3.1 percent year-on-year in February 2019, the lowest since last June, from 3.4 percent in the previous month. Prices rose at slower pace for manufactured goods sold in the domestic market (3.9 percent vs 4.4 percent in January) while those sold in the foreign market increased at a similar rate (inflation steady at 0.7 percent). On a monthly basis, producer prices edged down 0.1 percent in February, after being unchanged in January. Producer Prices Change in Italy averaged 1.97 percent from 1992 until 2019, reaching an all time high of 9.20 percent in July of 1995 and a record low of -7.60 percent in July of 2009.
Producer Prices Change in Italy is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Italy to stand at 2.10 in 12 months time. In the long-term, the Italy Producer Prices Change is projected to trend around 1.90 percent in 2020, according to our econometric models.