Italy - Producer Price Index (PPI)

Italy: Producer Price Index (PPI)

Mnemonic	PPI.IITA
Unit	Index 2021=100, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	0.99 %
Data	Feb 2024	120.3
	Jan 2024	121.5

Series Information

Source	Italian National Institute of Statistics (ISTAT)
Release	Industrial Producer Prices Index [PPI]
Frequency	Monthly
Start Date	1/31/1981
End Date	2/29/2024

Italy: Price

	Reference	Last	Previous	Units	Frequency
Consumer Price Index (CPI)	Mar 2024	120.2	120.2	Index 2015=100, NSA	Monthly
Producer Price Index (PPI)	Feb 2024	120.3	121.5	Index 2021=100, NSA	Monthly
Wholesale Price Index	1996	103.66	100	Index 2010 = 100	Annual

Release Information

Description

For Italy, the industrial producer price index (PPI), detailed by activity branch and by market, monthly from 2000.

The producer price index measures variations over time in the prices of goods sold by industrial producers within the domestic market. It is expressed as a Laspeyres index. The index covers products considered most representative of the goods sold in Italy by industrial enterprises resident in the country.

Properties

Active:

Framework: EU short-term business statistics
Classification: ATECO 2007, the local adaptation of NACE Rev. 2
Measurement: Fixed-base value index relative to 2021 (Index 2021=100)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Monthly
Start date: As early as 2000m1

Predecessors:

2015=100 - {2000m1 ... 2018m1} to 2023m12 ("_15")
2010=100 - {2000m1 ... 2016m1} to 2017m12 ("_10")
NACE Rev. 2, 2005=100 - 2000m1 to 2012m12 ("_05")
NACE Rev. 1.1, 2000=100 - 1991m1 to 2008m12 ("00")
1995=100 - 1991m1 to 2003m12 ("95")

Global concept alias:

PPI.ITA

Methodology

The source writes:

The index is constructed as follows: (a) calculation by product and by firm of the ratios between surveyed prices and the corresponding price in the base year; (b) calculation of a national index by product using a simple arithmetic mean of the preceding indexes relative to the various firms; (c) calculation of the national aggregate indices using a weighted mean derived from other indices.

Thousands of observations each month are obtained from around 3,000 establishments. Prices are ex-factory, net of VAT and any other type of charges borne by the purchaser and defined in accordance with contractual language commonly in use.

Moody's Analytics supplements

For the general index, we back-extend (over the interval 1981m1 to 1999m12) and construct a seasonally adjusted counterpart.

Revisions

Yes. The data are subject to monthly revisions.

The index is rebased every fifth year.