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France Inflation October 2021

France: Harmonized inflation increases in October

According to a flash estimate, consumer prices increased 0.42% from the previous month in October, contrasting the 0.22% fall seen in September. The upturn was largely driven by rising prices for services and food and non-alcoholic beverages.

Harmonized inflation rose to 3.2% in October, above September’s 2.7%. October’s reading represented the highest inflation rate since September 2008. Meanwhile, the trend pointed up slightly, with annual average harmonized inflation coming in at 1.5% in October (September: 1.3%). Finally, consumer price inflation rose to 2.6% in October, from September’s 2.2%.

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