Italy's producer price inflation slowed less than economists expected in June, data released by statistical office Istat showed Tuesday.
The producer price index for the domestic market grew 2.2 percent year-on-year in June, weaker than the 2.3 percent increase recorded in May. Economists expected a slower growth of 2 percent.
Compared to May, domestic output prices edged down 0.1 percent in June, following the previous month's 0.3 percent decrease. Economists were looking for a 0.2 percent fall.
Producer prices in the export market grew 1.2 percent annually in June, with prices in the euro area and non-euro area rising 0.5 percent and 1.5 percent respectively.
Overall prices, including both the local market and the overseas market, grew 2.1 percent compared to June 2011, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.