Costs for industrial production fall in Italy for 6th consecutive month

ROME, May 30 (Xinhua) -- Industrial producer prices in Italy fell for the sixth consecutive month in April, the country's statistics entity reported Thursday, due largely to continued decreases in energy costs.

The National Institute of Statistics (ISTAT) said that prices for industrial production fell by 0.9 percent in April compared to the previous month, and that they were 5.9 percent below their levels from a year earlier.

The streak of decreases represents a marked turn-around from 2022 and early 2023 when the key index rose nearly every month and when year-on-year increases regularly topped 30 percent due to the spike in energy prices.

Overall inflation fell dramatically in Italy starting in October 2023, broadly in line with the decreases in producer prices. Still, the rate of decrease in producer prices is slowing, ISTAT's data showed.

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