11/15/2022, 8:47 AM (Source: TeleTrader)
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French inflation hits 6.2% in October, highest since 1985

The French Consumer Price Index (CPI) went up by 6.2% in October year over year, as confirmed by the final report by the country's statistical office INSEE published on Tuesday, reaching the highest point in 37 years. The number is up from September's annual inflation rate of 5.6%.

Energy prices jumped 19.1% year on year, with the rise in inflation also driven by food prices which climbed 12.0% as well as the cost of manufactured goods which climbed to 4.2%, while services went up by 3.2%.

Consumer prices increased by 1.0% over one month, and the Harmonized Index of Consumer Prices (HICP) rose 7.1% annually, after standing at 6.2% in September, while the change month on month arrived at 1.2%.

Baha Breaking News (BBN) / MX