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Industry prices +0.3% in May, -3.5% yr-on-yr

Moderate monthly growth halts decline since Nov 2023


  • Jul 02 2024
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Industry prices +0.3% in May, -3.5% yr-on-yr
Industry prices +0.3% in May,

In May, industrial producer prices increased by 0.3% on a monthly basis and decreased by 3.5% on an annual basis (it was -5.9% in April), Istat reported Thursday.
    On a cyclical basis, the stats agency said, the negative phase in place since November 2023 is therefore interrupted, recording a moderate growth spread to all groupings, excluding capital goods whose prices are stationary.
    On a year-on-year basis, the further reduction in their decline is still mainly due to "the easing of the negative trend in the prices of the energy component on the domestic market".
   

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