France: Harmonized inflation comes in at highest level since September 2008 in October
Consumer prices rose 0.41% in October over the previous month, swinging from September’s 0.22% drop. Looking at the details of the press release, October’s increase was largely attributed to stronger price pressures for energy. Meanwhile, food and non-alcoholic beverages prices fell at a more moderate pace in October compared to the previous month.
Harmonized inflation rose to 3.2% in October, above September’s 2.7%. October’s reading was the highest inflation rate since September 2008. Annual average harmonized inflation edged up to 1.5% in October (September: 1.3%). Lastly, consumer price inflation rose to 2.6% in October, from September’s 2.2%.