Investing.com UK - Financial Markets Worldwide
⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

French inflation hit near 10-year high of 2.7% in September

Published 30/09/2021, 07:52
© Reuters. FILE PHOTO: People, wearing protective face masks, queue outside a shop in a street in Nice as France' 16 hardest-hit departments will go into a third lockdown imposed to slow the rate of the coronavirus disease (COVID-19) contagion, March 19, 2021. REUT

PARIS (Reuters) - French inflation rose in September slightly less than expected but still reached its highest rate in nearly a decade, preliminary data from the INSEE statistics agency showed on Thursday.

INSEE said its EU-harmonised consumer prices index fell 0.2% from August, giving a 12-month inflation rate of 2.7%, up from 2.4% in August.

© Reuters. FILE PHOTO: People, wearing protective face masks, queue outside a shop in a street in Nice as France' 16 hardest-hit departments will go into a third lockdown imposed to slow the rate of the coronavirus disease (COVID-19) contagion, March 19, 2021. REUTERS/ Eric Gaillard/File Photo

The September rate was the highest since December 2011, but was slightly below an average forecast for 2.8% in a Reuters poll of 24 economists' expectations.

As is the currently the case in many countries, surging energy prices are driving the inflation spike in France. They rose 14.4% over one year in September, INSEE said

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.