Italy’s producer prices surged 6.8% year-over-year in April 2026, the steepest increase since February 2023, driven by soaring energy prices linked to the Iran conflict. Domestic prices climbed 8.8%, up from 5.4% in March, while core inflation (excluding energy) accelerated to 2.0% from 1.5%. In foreign markets, prices rose 0.6% (0.9% in the euro area, 0.3% outside it). By sector, domestic prices saw the sharpest gains in coke and refined petroleum products (+79.1%), followed by chemicals and metallurgy (+5.6%). Abroad, coke and refined petroleum products led non-euro area growth (+32.2%), while other manufacturing and transportation equipment posted notable increases in both the euro area (+6.2%) and non-euro area (+11.6%). Month-over-month, producer prices rose 0.3% after a 4.4% surge in March.