France September CPI Hits 3.0% as August Producer Prices Rise 1.0% M/M
23 Articles
23 Articles
ledauphine.com
Consumer prices rose by 3 per cent year-on-year in September, up from 2.4 per cent in August, according to a provisional estimate published this Wednesday.
According to INSEE, this further increase in inflation is due to the acceleration in energy prices (+ 21.2% in September versus + 16.7%) and fresh products (+ 9.9% versus + 5.9% in August). The wave of inflation is mainly due to the outbreak of the war in Iran and the blocking of the Strait of Ormuz.
According to INSEE, inflation over a year stands at 3% over a year in this month of September. This is much more than in August (2.4%), while household consumption falls by 0.5%. - Inflation rises to 3% over a year, French consumption falls (Economy).
A further rise in inflation, explained, according to INSEE, by the acceleration of energy prices (+21.2% in September compared to +16.7%) and fresh products (+9.9% compared to +5.9% in August). The overall food supply, which includes fresh products, saw its prices rise by 1.5% (compared with 1.1% in August). Another category of products whose prices are rising: tobacco, up 3.3% over a year in September, as in August. The price of services is als…
According to INSEE's provisional estimate, the rise in prices accelerated compared to August. Household consumption fell again this summer Consumer prices fell again this summer
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