Italy's producer prices surged 7.3% year-on-year in May 2026, the highest level since February 2023 and up from 6.8% in April. Domestic prices accelerated to 9.1% from 8.8% in the previous month, as electricity and gas price growth accelerated to 12.6% from 10.3%. Excluding energy, prices increased 2.4%. On foreign markets, prices increased 2.7%, rising 3.1% on the euro area and 2.4% elsewhere. By sector, coke and refined petroleum products recorded the largest increase at 67.6%, although easing from 79.1% in April, followed by chemicals (8.0%) and metallurgy and fabricated metal products, excluding machinery and equipment (5.8%). Abroad, coke and refined petroleum products also led the gains, rising 41.4%, followed by other manufacturing industries, repair and installation of machinery and equipment (8.6% euro area, 11.7% non-euro area). On a monthly basis, producer prices fell 0.2% in May, reversing April's 0.3% increase.