New increase in production prices of Italian industry fueling the pressure on inflation. In April they increased by 0,2% on a monthly basis (after +4% in March) and by 35,3% on an annual basis (after +36,9% in March). This was communicated by Istat, specifying that industrial production prices "record a modest rise in the economic situation to which the slight decrease recorded on the domestic market contributes, after sixteen consecutive months of increases".
On an annual basis - underlines the National Institute of Statistics - growth, while remaining very sustained, decelerates mainly as a result of the slowdown on the domestic market of prices of energy products, which confirm a very marked dynamic trend. Both on the domestic and foreign markets, accelerations in prices have been noted in almost all manufacturing sectors. The construction sector suffers the most from the cost of materials: with a growth in prices of 2,4% on a monthly basis and 10,5% on an annual basis.
Industrial production prices: slight decrease on the domestic market
Sul internal market prices decreased by 0,3% compared to March 2022 and increased by 44,1% in trend terms (from +46,6% in the previous month). Excluding the energy sector, price growth is more sustained on a cyclical basis (+2%) while it is much lower on a trend basis (+14,5%).
Sul foreign market, prices grew on a monthly basis by 1,7% (+1,9% euro area, +1,7% non-euro area) and recorded an increase on an annual basis of 13,3% (+14,1% area euro, +12,7% non-euro area).
If instead we look at the February-April 2022 quarterCompared to the previous quarter, industrial production prices grew by 9,9%, with a much more accentuated trend on the domestic market (+11,9%) than on the foreign market (+4,1%).
Industry: widespread increases in almost all manufacturing sectors
In April 2022, there were trend increases widespread in all manufacturing sectors on all markets: the most marked concern coke and refined petroleum products (+42,9% domestic market, +14,9% euro area, +49,1% non-euro area), metallurgy e manufacture of metal products (+27,9% domestic market, +34,7% euro area, +27,8% non-euro area), products processes (+23,9% domestic market, +22,4% euro area, +23,1% non-euro area), wood industries, paper and printing (+19,3% domestic market, +22,8% euro area, +16% non-euro area) e articles in rubber and plastic materials (+17% domestic market, +13,5% euro area, +16,1% non-euro area).
for construction, with regard to both “residential and non-residential buildings”, production prices still show large increases in the economic situation (+1,6%) due to increases in material costs. On a trend basis, prices continue to accelerate (by 8,2%).
