Italy August Inflation Hits 3.3%, Highest Since Sep 2023, on Energy

Italy's August 2026 CPI rose to 3.3% y/y, up from 2.9% in July, confirming preliminary data and marking the highest since September 2023. The surge is driven by energy prices, with regulated and non-regulated energy inflation jumping to 18.6% and 17.0% respectively, amid Middle East tensions. This signals renewed inflationary pressure in the eurozone's third-largest economy, complicating ECB policy expectations.