FX.co ★ Italian Producer Prices Rebound Sharply in January, Ending December Slump

Italy’s producer price index (PPI) staged a notable rebound at the start of 2026, signaling a turnaround in upstream price dynamics after a weak end to last year. According to data updated on 10 March 2026, the PPI rose 1.5% month-over-month in January 2026, compared with a 0.7% decline in December 2025.

The shift from -0.7% to 1.5% on a month-over-month basis indicates that producer prices in Italy moved from contraction to solid growth within a single month. The “actual” January reading reflects the change in prices versus December 2025, while the “previous” figure captures December’s change relative to November 2025.

This swing suggests that cost pressures at the factory gate have firmed again after the year-end softness, a development that could filter through to consumer prices and corporate margins in the coming months, depending on how sustained the rebound proves to be.