According to an ELSTAT report, the Industrial Producer Price Index (PPI) recorded a 4.3% drop in February 2024, compared to data from February of last year. This comes in stark contrast to the 4.7% increase recorded in February 2023 compared to the same month in 2022. The decrease in 2024 is due to the decrease of the PPI for the Domestic Market by 6.3% and the increase of the PPI for the External Market by 2.1%.
The General Index for February also presented a 0.4% decrease from January 2024, compared to a 3.3% decrease noted between the same months in 2023. This decrease is the result of the decrease of the PPI for the Domestic Market by 1.5% and the increase of the PPI for the External Market by 3.0%.
The General index also decreased by 9.3% between March 2023 and February 2024, compared to the 30.4% increase recorded during the previous twelve month period (March 2022-February 2023).
