diff --git a/homeassistant/components/python_script/__init__.py b/homeassistant/components/python_script/__init__.py
index 7b49a6b1b0d..c10c6de5b3f 100644
--- a/homeassistant/components/python_script/__init__.py
+++ b/homeassistant/components/python_script/__init__.py
@@ -2,8 +2,11 @@
 import datetime
 import glob
 import logging
+from numbers import Number
+import operator
 import os
 import time
+from typing import Any
 
 from RestrictedPython import (
     compile_restricted_exec,
@@ -146,6 +149,36 @@ def discover_scripts(hass):
         async_set_service_schema(hass, DOMAIN, name, service_desc)
 
 
+IOPERATOR_TO_OPERATOR = {
+    "%=": operator.mod,
+    "&=": operator.and_,
+    "**=": operator.pow,
+    "*=": operator.mul,
+    "+=": operator.add,
+    "-=": operator.sub,
+    "//=": operator.floordiv,
+    "/=": operator.truediv,
+    "<<=": operator.lshift,
+    ">>=": operator.rshift,
+    "@=": operator.matmul,
+    "^=": operator.xor,
+    "|=": operator.or_,
+}
+
+
+def guarded_inplacevar(op: str, target: Any, operand: Any) -> Any:
+    """Implement augmented-assign (+=, -=, etc.) operators for restricted code.
+
+    See RestrictedPython's `visit_AugAssign` for details.
+    """
+    if not isinstance(target, (list, Number, str)):
+        raise ScriptError(f"The {op!r} operation is not allowed on a {type(target)}")
+    op_fun = IOPERATOR_TO_OPERATOR.get(op)
+    if not op_fun:
+        raise ScriptError(f"The {op!r} operation is not allowed")
+    return op_fun(target, operand)
+
+
 @bind_hass
 def execute_script(hass, name, data=None, return_response=False):
     """Execute a script."""
@@ -223,6 +256,7 @@ def execute(hass, filename, source, data=None, return_response=False):
         "_getitem_": default_guarded_getitem,
         "_iter_unpack_sequence_": guarded_iter_unpack_sequence,
         "_unpack_sequence_": guarded_unpack_sequence,
+        "_inplacevar_": guarded_inplacevar,
         "hass": hass,
         "data": data or {},
         "logger": logger,
diff --git a/tests/components/python_script/test_init.py b/tests/components/python_script/test_init.py
index ee7fedee0d5..0692bdfd816 100644
--- a/tests/components/python_script/test_init.py
+++ b/tests/components/python_script/test_init.py
@@ -596,3 +596,48 @@ output = f"hello {data.get('name', 'World')}"
             blocking=True,
             return_response=True,
         )
+
+
+async def test_augmented_assignment_operations(hass: HomeAssistant) -> None:
+    """Test that augmented assignment operations work."""
+    source = """
+a = 10
+a += 20
+a *= 5
+a -= 8
+b = "foo"
+b += "bar"
+b *= 2
+c = []
+c += [1, 2, 3]
+c *= 2
+hass.states.set('hello.a', a)
+hass.states.set('hello.b', b)
+hass.states.set('hello.c', c)
+    """
+
+    hass.async_add_executor_job(execute, hass, "aug_assign.py", source, {})
+    await hass.async_block_till_done()
+
+    assert hass.states.get("hello.a").state == str(((10 + 20) * 5) - 8)
+    assert hass.states.get("hello.b").state == ("foo" + "bar") * 2
+    assert hass.states.get("hello.c").state == str([1, 2, 3] * 2)
+
+
+@pytest.mark.parametrize(
+    ("case", "error"),
+    [
+        pytest.param(
+            "d = datetime.date(2024, 1, 1); d += 5",
+            "The '+=' operation is not allowed",
+            id="datetime.date",
+        ),
+    ],
+)
+async def test_prohibited_augmented_assignment_operations(
+    hass: HomeAssistant, case: str, error: str, caplog
+) -> None:
+    """Test that prohibited augmented assignment operations raise an error."""
+    hass.async_add_executor_job(execute, hass, "aug_assign_prohibited.py", case, {})
+    await hass.async_block_till_done()
+    assert error in caplog.text