INSEE forecasts inflation at 3.4% over one year in October, the highest since January 2024
These INSEE figures are provisional and the final results will be published on November 13. This increase can be explained in particular by the surge in energy prices.
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An increase that seems unstoppable. Consumer prices are expected to increase by 3.4% year-on-year in October, after 3.1% in September, according to a provisional estimate published Friday October 30 by INSEE. A figure at the highest since January 2024 due to a further acceleration in energy prices.
According to the National Institute of Statistics and Economic Studies, energy prices, mainly gas and petroleum products, would increase by 24.1% in October year-on-year (after 21.3% in September), the increase accelerating for the fourth consecutive month. Inflation should also increase in services (+2.7% in October after +2.4%), particularly accommodation and transport services. Conversely, the rise in food prices should slow down a little (+1.2% against +1.4% the previous month), especially in fresh products (+8% after +9.5%).
The prices of manufactured products should continue to fall, but more slightly (-0.2% after -0.3%). Over one month, consumer prices would have rebounded by 0.4%, after a drop of 0.3% in September, also driven by energy.
Machine-translated from French
Why it is marked verified
2 independent newsrooms report this story. BFM Business published it first, 9 h before the last one.
- BFM Business30 Oct, 08:48
- Franceinfo30 Oct, 17:41
| Publisher Franceinfo (established tier) | +76 |
| Detailed summary | +2 |
| Carried by 2 newsrooms | +5 |
| Total | 83 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.