France September Inflation Surges to 3.1% as Energy Costs Spike

Key Facts

1France's final September CPI rose to 3.1% year-on-year, up from 2.4% in August.

2French core inflation accelerated to 1.5% driven by a notable jump in services inflation to 2.4%.

3Energy prices surged 21.3% annually in September due to ongoing Middle East conflict fallout.

France's final September CPI rose to 3.1% year-on-year, up from 2.4% in August. According to investinglive.com, French core inflation accelerated to 1.5%, driven by a notable jump in services inflation which reached 2.4%.

Energy prices surged 21.3% annually in September due to ongoing Middle East conflict fallout, compared with 16.7% in August. These figures come as the ECB monitors whether higher energy costs are feeding into wages and services, following two interest rate hikes earlier this summer.