FX.co ★ Italian Producer Prices Slip Into Negative Territory in December

Italy’s producer price index (PPI) turned negative in December 2025, signaling easing price pressures at the factory gate and potentially softer inflationary momentum ahead.

According to data updated on 30 January 2026, the month‑over‑month PPI fell to -0.7% in December, a sharp reversal from the 1.0% increase recorded in November 2025. The comparison is made on a month‑over‑month basis, with the December figure reflecting the change from November, while November’s reading measured price movements relative to October.

The swing from positive to negative territory suggests that Italian producers faced falling output prices at the end of 2025. While the data do not specify sectoral drivers, the move may ease cost pressures along the supply chain, with potential implications for consumer prices and corporate margins in the coming months.