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Italian Annual Inflation Rate Up to 3.3% in August, Preliminary Data Shows

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Italy's annual inflation rate increased to 3.3% in August from 2.9% in July, provisional data from statistics agency Istat showed Tuesday.

On a monthly basis, consumer prices ticked up 0.5%, as expected, compared with the prior 0.3% uptick.

The Italian harmonized inflation rate stood at 3.2% on an annual basis, in line with the market forecast and against the previous 2.9%. Month over month, harmonized consumer prices were 0.1% higher, compared with the 1% drop previously.

Core inflation, meanwhile, eased to 1.5% from 1.6% earlier.

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International

BRC: UK Shop Price Inflation Rises to Over Two-year High in August

The UK's shop price inflation climbed 1.5% year over year in August, from 0.9% a month ago, a survey by the British Retail Consortium showed Tuesday.The latest reading was above the consensus estimate of 0.9% and marks an over two-year high.BRC Chief Executive Helen Dickinson attributed the rise in inflation to higher energy, input, and commodity costs, noting "challenging" months ahead for households.

FTSE 100
International

New Zealand Business Credit Demand in August Falls, Centrix Says

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International

China's Factory Activity Growth Accelerates, RatingDog Survey Shows

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Shanghai Composite^SZSE