France's CPI rose to 1.2% YoY in October due to slower service price growth and smaller energy price decline.

In October, France's consumer price index (CPI) rose by 1.2% year-on-year, up from 1.1% in September, according to INSEE. This increase is linked to slower service price growth and a smaller decline in energy prices, which fell by 2% compared to a 3.3% drop in September. The harmonized inflation rate also climbed to 1.5%. France's central bank maintains a 2024 inflation forecast of 2.5%. Final data will be released on November 15th.

October 31, 2024
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