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2026-09-16 16:26:08
[Italy's August Inflation Rate Confirmed to Rise to 3.3%, a Three-Year High] ⑴ In August 2026, Italy's annual inflation rate rose to 3.3% from 2.9% in July, in line with preliminary estimates and the highest reading since September 2023. ⑵ The main contributor to the increase was rising energy prices. Inflationary pressures were further increased by the ongoing tensions in the Middle East. Regulated energy inflation rose from 14.8% to 18.6%, while unregulated energy inflation rose from 11.4% to 17.0%. ⑶ Durable goods inflation accelerated to 1.3% from 0.7%, and unprocessed food inflation rose to 3.8% from 3.6%. ⑷ Inflation for leisure, culture, and personal care services slowed to 2.6% from 3%, and transportation services inflation slowed to 0.8% from 1.6%. ⑸ Core inflation, excluding energy and fresh food, slightly decreased to 1.5% from 1.6%. (6) On a month-on-month basis, the CPI rose 0.5% in August, compared with 0.3% in July. The harmonized CPI rose 3.2% year-on-year from 2.9% in July, in line with the preliminary estimate, and rose 0.1% month-on-month.
