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Producer prices up 28% in Oct, down 3.3% mt-on-mt

Compared to 41.7% annual rise in Sep

(ANSA) - ROME, NOV 29 - Italian industrial producer prices rose by 28% year-on-year in October but were down 3.3% in month-on-month terms over September, ISTAT said Tuesday.
    Prices had risen by an annual 41.7% in September, the stats agency said.
    ISTAT pointed out that on the domestic market prices decreased by 4.3% compared to September and increased by 33.7% on an annual basis (compared to +52.9% in September).
    Net of the energy sector, prices showed a cyclically positive dynamic growth (+0.6%) and a considerably lower trend growth (+12.9%).
    In the quarter from August to October 2022, compared with the previous three months, producer prices increased by 7.4% (+9.2% domestic market, +1.2% foreign market). (ANSA).
   

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