The Italian statistical office Istat released its producer price inflation data for Italy on Friday. Italian producer prices decreased 0.7% in December, after a 0.4% decline in November. November's figure was revised up from a 0.5% drop.

Producer price declined by 0.7% on domestic market and by 0.5% on non-domestic market in December.

On a yearly basis, Italian PPI fell 3.3% in December, after a 3.2% drop in November. November's figure was revised up from a 3.3% fall.

Producer price slid 4.0% on domestic market and by 0.9% on non-domestic market in December.