Producer-price inflation was stable in Malta but accelerated sharply in Italy in July 2026. Malta’s annual rate remained 1.5%, its highest since October 2023, as faster capital-goods and consumer-goods inflation offset slower intermediate-goods growth. Italy’s rate rose to 7.8% from 5.8% in June, its highest since February 2023, driven by domestic energy costs, while manufacturing and foreign-market prices also increased. Monthly producer prices rose 0.3% in Malta and 2.4% in Italy.