France: Harmonized inflation comes in at highest level since November 2011 in September
According to a flash estimate, consumer prices dropped 0.24% in September over the previous month, contrasting the 0.61% increase recorded in August. September’s result marked the lowest print since September 2020. The result was largely driven by falling prices for services and for food and non-alcoholic beverages.
Harmonized inflation came in at 2.7% in September, which was up from August’s 2.4%. September’s result represented the highest inflation rate since November 2011. Accordingly, the trend pointed up, with annual average harmonized inflation coming in at 1.3% in September (August: 1.0%). Lastly, consumer price inflation ticked up to 2.1% in September, from August’s 1.9%.