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French inflation rose to 1.1% in September, driven by energy and services costs, keeping it below the ECB’s 2% target.
French inflation rose to 1.1% in September, the highest since early 2025, driven by slower declines in energy prices and rising services costs, according to EU-harmonized data.
The increase, slightly below expectations, kept inflation below the ECB’s 2% target.
Similar upticks in Spain and Belgium have strengthened expectations that the ECB will hold its key interest rate at 2.0%.
Political instability in France, including the ousting of Prime Minister François Bayrou, continues to weigh on economic activity, with businesses hesitant to invest or hire.
Germany and Italy’s inflation data were released Tuesday, with eurozone-wide figures expected Wednesday.
La inflación francesa subió a 1,1% en septiembre, impulsada por los costes de la energía y los servicios, manteniéndola por debajo del objetivo del 2% del BCE.