{"id":439098,"date":"2026-09-30T16:00:55","date_gmt":"2026-09-30T09:00:55","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/italy-september-preliminary-cpi-4-2-vs-3-8-y-y-expected-439098\/"},"modified":"2026-09-30T16:00:55","modified_gmt":"2026-09-30T09:00:55","slug":"italy-september-preliminary-cpi-4-2-vs-3-8-y-y-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/italy-september-preliminary-cpi-4-2-vs-3-8-y-y-expected-439098\/","title":{"rendered":"Italy September preliminary CPI +4.2% vs +3.8% y\/y expected"},"content":{"rendered":"<div>\n<ul style=\"box-sizing: inherit; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-weight: 400; font-stretch: inherit; line-height: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 20px; padding: 0 0 0 19px; font-family: Inter, InterFallback, serif; list-style: outside; text-indent: -3px; color: rgba(0, 0, 0, 1); letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0; white-space: normal; background-color: rgba(255, 255, 255, 1); text-decoration-style: initial; text-decoration-color: initial; font-size: 16px\">\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">Prior +3.3%<\/li>\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">HICP +4.1% vs +3.8% y\/y expected<\/li>\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">Prior +3.2%<\/li>\n<\/ul>\n<p class=\"isSelectedEnd\">Italy&#8217;s preliminary September inflation data showed a significant acceleration in price pressures, with the consumer price index rising 4.2% y\/y, up from 3.3% in August. On a monthly basis, CPI increased 0.7%. The acceleration was primarily driven by energy, with regulated energy inflation rising from 18.6% to 25.9% and non-regulated energy inflation accelerating from 17.0% to 22.2%. Unprocessed food prices also picked up notably, while services inflation accelerated in both recreation and transport-related categories.<\/p>\n<p class=\"isSelectedEnd\">The monthly increase was again dominated by energy, with regulated energy prices rising 5.9% and non-regulated energy prices increasing 4.4%. Unprocessed food prices also rose 2.2% on the month. As a result, inflation excluding energy increased to 2.0% y\/y, from 1.7% previously, while core inflation, excluding energy and unprocessed food, accelerated to 1.7% from 1.5%. This suggests that while the energy shock remains the main driver of headline inflation, some underlying price pressures are also moving higher.<\/p>\n<p>The harmonised HICP measure rose 4.1% y\/y, up from 3.2% in August, while the monthly increase was 2.0%.\u00a0For the ECB, however, the key question is whether the energy shock remains contained or begins to generate stronger\u00a0second-round effects across the economy. Policymakers are therefore paying particular attention to core inflation, wages and services prices.\u00a0So far, policymakers haven&#8217;t been seeing clear signs of second-round effects.<\/p>\n<p>Chart: Italy HICP Y\/Y<\/p>\n<\/p>\n<p>                            This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior +3.3% HICP +4.1% vs +3.8% y\/y expected Prior +3.2% Italy&#8217;s preliminary September inflation data showed a significant acceleration in price pressures, with the consumer price index rising 4.2% y\/y, up from&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439098","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439098"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}