Istat, in September import prices +9.6% on year, +1.9% on month

The rise in import prices continues and is destined to be reflected in the domestic market while the rise in exports slows down.

In September, ISTAT estimates, import prices increased by 1.9% on a monthly basis and by 9.6% on an annual basis (from +7.3% in August). Istat estimates this when releasing data on commercial trade for September.

The month of September marks a slight cyclical decline in exports (-0.2%) and growth in imports (+3.3%). The dynamics of exports on a monthly basis is the synthesis of a reduction for the non-EU area (-1.2%) and an increase for the EU area (+0.8%). While on an annual basis, exports grow by 3.8% in value and reduce by 3.4% in volume. The trend growth of exports in monetary terms is more sustained for non-EU markets (+5.8%) than for EU ones (+2.1%). Imports recorded a trend growth of 3.6% in value, which concerns both areas, EU (+3.4%) and non-EU (+3.7%); in volume, imports decreased by 9.7%. On an annual basis, Switzerland (+38.2%) and China (+32.1%) are the countries that provide the greatest positive contributions to national exports.

Exports to France, the United States (-6.5% for both) and OPEC countries (-7.7%) decreased.