Industrial producer prices in Italy fell 1.6% year-on-year in January 2026, deepening from a 1.4% decline in December and marking the largest drop since October 2024. Domestic producer prices fell 2.1%, as higher prices for metallurgy and manufacture of metal products (+4.3%) were offset by declines in electricity and gas supply (-6.1%) and coke and refined petroleum products (-10.7%). Meanwhile, foreign prices edged up 0.1%, supported by transport equipment (+5.0%) in the euro area and other manufacturing industries, including machinery repair and installation (+9.8%), in non-euro markets, despite sharp declines in coke and refined petroleum products (-17.2% in the euro area and -16.4% outside). Excluding energy, domestic producer prices rose 1.1%, accelerating from 0.9% in December. On a monthly basis, industrial producer prices went up 1.5%, the most in a year, rebounding from a 0.7% fall previously.