Financial News: Italy Producer Price Inflation Highest Since February 2023

Italy Producer Price Inflation Highest Since February 2023

09/02/2026 - 05:39:00 (RTTNews)

(RTTNews) - Italy's producer price inflation accelerated in July to the highest level in nearly three-and-a-half years amid higher energy costs, the statistical office ISTAT showed on Wednesday.

The producer price index climbed 7.8 percent year-over-year in July, faster than the 5.8 percent increase in May. Moreover, this was the highest inflation since February 2023, when prices surged 9.6 percent.

The upturn in inflation was mainly driven by 21.8 percent higher costs for energy. Prices for intermediate goods increased 5.7 percent, and those for capital goods rose by 2.4 percent. Data showed that costs for consumer goods moved up 1.0 percent.

On a monthly basis, producer prices rose 2.4 percent after remaining flat in June.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Italy Producer Price Inflation Highest Since February 2023 (42 min(s), 37 sec(s) ago)
(RTTNews) - Italy's producer price inflation accelerated in July to the highest level in nearl ...Full Story»

Spain Unemployment Increases Sharply (48 min(s), 37 sec(s) ago)
(RTTNews) - Spain unemployment increased sharply in August but the overall level remained the lowe ...Full Story»

Australia GDP Growth Tops Expectations (03 hr(s), 09 min(s), 37 sec(s) ago)
(RTTNews) - Australia's economy logged a stronger-than-expected growth in the second quarter, ...Full Story»

Romania Producer Price Inflation Eases To 8.8% (03 hr(s), 32 min(s), 37 sec(s) ago)
(RTTNews) - Romania's producer price inflation eased in July to the lowest level in four month ...Full Story»

New Zealand Hikes Interest Rate For Second Straight Time (04 hr(s), 21 min(s), 37 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand delivered back-to-back rate hikes to contain inflation ...Full Story»

South Korea Consumer Prices Rise 0.2% In August (52 min(s), 23 sec(s) ago)
(RTTNews) - Consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in A ...Full Story»

New Zealand Building Permits Sink 4.3% In July (32 min(s), 23 sec(s) ago)
(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjus ...Full Story»

New Zealand Rate Decision Due On Wednesday (37 min(s), 23 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday ...Full Story»