Italy September Preliminary CPI Jumps to 4.2% Exceeding Expectations

Key Facts

1Italy's preliminary September CPI rose 4.2% year-on-year, exceeding the expected 3.8%.

2Energy was the primary driver of inflation, with regulated energy prices rising 25.9%.

3Core inflation, excluding energy and unprocessed food, accelerated to 1.7% from 1.5% in the previous month.

Italy's preliminary September 2026 CPI rose 4.2% year-on-year, exceeding the expected 3.8%. Forexlive reported that energy was the primary driver of inflation, with regulated energy prices rising 25.9%, while core inflation, excluding energy and unprocessed food, accelerated to 1.7% from 1.5% in the previous month.

Non-regulated energy prices and rising costs in recreation and transport services contributed to the inflationary pressure, with the monthly CPI increasing 0.7% according to ISTAT. This data follows a 3% year-on-year increase in EU new car sales reported on September 24, 2026, highlighting the broader economic environment in which these price pressures are emerging.