FX.co ★ Italy’s Producer Prices Surge in March

Italy’s producer prices rose 4.2% year-on-year in March 2026, ending a four-month streak of declines and marking the sharpest increase since February 2025. The rebound was driven chiefly by a spike in energy costs linked to the conflict in Iran. On the domestic market, prices jumped 5.4%, swinging from a 3.7% decline in February. Excluding energy, price growth remained moderate at 1.5%, up from 1.2% in the previous month. In foreign markets, producer prices increased 1.1% overall, with a 1.3% rise in the euro area and 1.1% outside it. By sector, the steepest annual domestic gain was recorded in coke and refined petroleum products (+45.1%), followed by metallurgy and fabricated metal products (+4.9%). On a monthly basis, producer prices climbed 4.4%, the largest increase since July 2022.