Business · Economy · 1 hr ago
French inflation reaches 3.4% in October, highest since December 2023
France’s annual inflation rose to 3.4% in October, its highest level since December 2023.
The increase was driven mainly by energy prices, which rose 24.1% from a year earlier.
Gas, diesel and petrol prices all climbed sharply, while electricity inflation also accelerated.
Services inflation also picked up, reaching 2.6%, with airfares and accommodation among the price increases.
By contrast, food inflation eased to 1.2%, and fresh food prices rose more slowly than in September.
Higher energy and service costs mean households face continued pressure from rising prices.
The EU-harmonised inflation measure rose to 3.7% annually and increased 0.4% from September.
French annual inflation rose to 3.4% in October, its highest level since December 2023.
Final figures were released on November 13 by France’s national statistics agency, Insee.
Energy prices rose 24.1% year on year, while services prices increased 2.6%.
Food inflation eased to 1.2% from 1.4% in September.
The EU-harmonized consumer price index rose 3.7% year on year and 0.4% month on month.
- Who
- France’s national statistics agency, Insee, released the figures.
- What
- Annual inflation reached 3.4% in October, its highest level since December 2023.
- When
- October; final figures were released on November 13.
- Where
- France.
- Why
- Energy and services prices rose at a faster pace.
This story does not have two clearly opposing sides.
Annual inflation was lower than October’s rate; energy inflation was 21.3%, services inflation was 2.4%, and food inflation was 1.4%.
Annual inflation reached 3.4%, while energy inflation rose to 24.1%, services inflation to 2.6%, and food inflation eased to 1.2%.
Insee released the final figures.
- Annual inflation
- 3.4% in October
- Previous peak comparison
- Highest since December 2023
- Energy inflation
- 24.1% year on year
- Services inflation
- 2.6%
- Food inflation
- 1.2% in October
- EU-harmonized consumer price index
- 3.7% year on year