France Annual Inflation Rises to 3.4% in October
France's annual inflation rate climbed to 3.4% in October, up from 3.1% in September, aligning with market consensus expectations. On a monthly basis, consumer prices saw a 0.4% increase, consistent with analyst estimates. The inflationary pressure was primarily driven by energy costs, which accelerated to an annual rate of 24.1%. While services inflation also rose slightly to 2.7%, food inflation showed signs of cooling, easing to 1.2% from the previous month's 1.4%.
Topics: consumer prices energy inflation food inflation France economy inflation services inflation