Italy's producer price inflation accelerated further in September to the highest level in more than three-and-a-half years amid soaring energy costs, the statistical office ISTAT showed on Wednesday. The producer price index climbed 13.8% year-over-year in September, faster than the 10.9% increase in August. Moreover, this was the highest inflation since December 2022. The acceleration in inflation was mainly driven by a 45.9% jump in energy costs. Prices for intermediate goods increased 6.4%, and those for capital goods rose by 2.4%. Data showed that costs for consumer goods moved up 0.9%. On a monthly basis, producer prices rose 2.9% after rising 2.4% in August. Separate official data showed that industrial sales dropped 0.
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