Producer prices up 34.4% last yr, highest rise since 2000

(ANSA) - ROME, JAN 30 - Average Italian industrial producer prices, driven by energy, grew by 34.4% in 2022 (+10.8% in 2021), the highest annual hike since 2000, ISTAT said Monday.
    In December, industrial producer prices rose by 2.9% on a monthly basis and by 31.7% on an annual basis (it was +29.4% in November).
    Net of the energy sector, prices actually decreased by 0.1% compared to the previous month and recorded a trend growth of 11.2%, a slowdown compared to November (+12.0%).
    Industrial producer prices in 2022 rose by 104.3% for energy compared to 33.6% in 2021, due to the Ukraine war, said the national statistics institute.
    In the average of 2022, prices show a growth of 34.4%, the highest since 2000. The dynamics observed on the domestic market (+42.7%), conditioned by the increase in the prices of energy products (+104.3%), are the main contributors.
    Net of these products, the average annual growth in prices on the domestic market is 12.8% (+5.4% in 2021). For construction, price growth in the average 2022 is more than double that of 2021 conditioned by the increase in material costs. (ANSA).