The breakdown The pickup in French inflation was fairly broad, although energy remains the standout driver. Energy prices accelerated to +21.2% y/y from +16.7% in August, reflecting higher petroleum-product and gas prices. Services inflation also picked up to from 1.9% to 2.2% in September, while food inflation rose to from 1.1% to 1.5% on the month. All of this is likely to push up the core inflation estimate, which we will only get with the final report. But for now, the key takeaway is the jump in HICP to from 2.6% to 3.4% in September, above expectations and adding to inflation concerns ahead of Germany’s CPI figures later today. What does the data measure? CPI measures changes in prices paid by French households for goods and services.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.