FX.co ★ Italian Producer Prices Slide Deeper in February, Marking Sharper Annual Decline

Italy’s producer price index (PPI) fell further into negative territory in February 2026, underscoring continued disinflationary pressure at the factory gate. On a year-over-year basis, the PPI declined by 2.7% in February, compared with a 1.6% annual drop recorded in January 2026.

The data, updated on 30 March 2026, show that the pace of producer price declines has accelerated when comparing each month to its level a year earlier. The January figure reflected the change versus January of the previous year, while the February reading captures the shift against February a year ago, indicating a deepening contraction in input and wholesale price levels across the Italian economy.