Italy inflation confirmed at 3.3% in August

Italy's consumer price inflation accelerated as estimated in August to the highest level in nearly three years, the latest data from the statistical office showed on Wednesday.

Consumer price inflation in Italy climbed to 3.3% in August from 2.9% in July. That was in line with the flash data published on September 1. Moreover, this was the highest inflation rate since September 2023, when prices rose 5.3%.

Inflation based on non-regulated energy products quickened to 17.0% from 11.4%, and that in regulated energy products rose to 18.6% from 14.8%. Prices for durable goods were 1.3% higher compared to a 0.7% increase a month ago. Meanwhile, the annual price growth in services related to transport decelerated to 0.8% from 1.6%.

Excluding energy and unprocessed food, core inflation softened slightly to 1.5% from 1.6%.

On a monthly basis, consumer prices moved up 0.5%, as estimated.

The EU measure of inflation was 3.2% in August, up from 2.9% in July. Monthly, the HICP edged up 0.1%. There was no change in figures compared to the earlier estimate.