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Inflation accelerates in October to 6.2% over one year, according to INSEE

2022-10-28T06:57:32.328Z


After two months of slowdown, consumer price inflation in France picked up again in October. Bad news. Consumer price inflation in France has jumped. It rose to 6.2% over one year in October, according to provisional data published this Friday by INSEE. In comparison, this figure was 5.9% in August and 5.6% in September. Sluggish for many years, inflation has returned to the economic landscape. Several factors such as the post-covid restart initially explain this phenomenon. Today, the l


Bad news.

Consumer price inflation in France has jumped.

It rose to 6.2% over one year in October, according to provisional data published this Friday by INSEE.

In comparison, this figure was 5.9% in August and 5.6% in September.

Sluggish for many years, inflation has returned to the economic landscape.

Several factors such as the post-covid restart initially explain this phenomenon.

Today, the latter is notably driven by soaring energy prices.

It reached a previous peak at 6.1% in July 2022, against 1.2% a year earlier.

If the figures remain high, France is in a better situation than the vast majority of its neighbors.

According to Eurostat, the annual inflation rate in the euro zone rose to 9.9% in September.

The highest rate recorded by the European statistics office since the start of the publication of the indicator in January 1997.

Read alsoInflation: the ECB is sailing on sight

A little earlier, the Institute of Statistics, published the development of growth in French economic activity in the third quarter.

With an increase of 0.2%, the country is experiencing a slowdown after the 0.5% gain in the spring.

Source: lefigaro

All news articles on 2022-10-28

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