France Inflation Hits Nearly 3-Year High

2026-10-30 07:54 By Kyrie Dichosa 1 min. read

France’s annual inflation rate rose to 3.4% in October 2026, picking up from 3.1% in September and overshooting expectations of 3.2%, according to preliminary estimates.

This marked the highest reading since December 2023, as energy inflation accelerated to 24.1% from 21.3%, driven by higher natural gas and petroleum product prices.

Meanwhile, services inflation increased to 2.7% from 2.4%, while the decline in manufactured product prices eased to 0.2% from 0.3% in September.

In contrast, food inflation eased to 1.2% from 1.4%, particularly as fresh food prices moderated, while tobacco inflation remained unchanged at 3.3%.

On a monthly basis, consumer prices rose 0.4% in October, following a 0.3% decline in September, driven by increases in services and energy prices, particularly gas, petroleum products and electricity.

Meanwhile, the EU-harmonised annual inflation rate accelerated to 3.8% from 3.4%, while monthly HICP rose 0.4% after falling 0.3% in September.



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France Inflation Hits Nearly 3-Year High
France’s annual inflation rate rose to 3.4% in October 2026, picking up from 3.1% in September and overshooting expectations of 3.2%, according to preliminary estimates. This marked the highest reading since December 2023, as energy inflation accelerated to 24.1% from 21.3%, driven by higher natural gas and petroleum product prices. Meanwhile, services inflation increased to 2.7% from 2.4%, while the decline in manufactured product prices eased to 0.2% from 0.3% in September. In contrast, food inflation eased to 1.2% from 1.4%, particularly as fresh food prices moderated, while tobacco inflation remained unchanged at 3.3%. On a monthly basis, consumer prices rose 0.4% in October, following a 0.3% decline in September, driven by increases in services and energy prices, particularly gas, petroleum products and electricity. Meanwhile, the EU-harmonised annual inflation rate accelerated to 3.8% from 3.4%, while monthly HICP rose 0.4% after falling 0.3% in September.
2026-10-30
France September Inflation Revised Up to 3.1%
The annual inflation rate in France came in at 3.1% in September 2026, revised up from the preliminary estimate of 3.0% and picking up from 2.4% in August. This marked the highest reading since January 2024, driven mainly by a sharp acceleration in energy inflation to 21.3% from 16.7%, particularly as petroleum product prices rose 36.2%. Meanwhile, services inflation accelerated to 2.4% from 1.9%, while food inflation increased to 1.4% from 1.1%. The decline in manufactured product prices also eased to 0.3% from 0.4%, while tobacco inflation remained unchanged at 3.3%. On a monthly basis, consumer prices fell 0.3%, following a 0.7% increase in August, as seasonal declines in services prices, particularly for accommodation and transport, outweighed further increases in energy prices. Meanwhile, the EU-harmonised annual inflation rate rose to 3.4% from 2.6%, while monthly HICP fell 0.3% after increasing 0.7% in August.
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France Inflation Rate Tops 3%
The annual inflation rate in France accelerated for a third consecutive month to 3% in September 2026, the highest since February 2024, compared to 2.4% in August and forecasts of 2.8%, preliminary estimates showed. Energy prices accelerated again (21.2% vs 16.7%) driven by higher for petroleum products and gas. Services inflation also edged up (2.2% vs 1.9%), partly because the seasonal decline in accommodation and transport prices is likely to be less pronounced than in September 2025. Food prices increased at a faster pace (1.5% vs 1.1%), particularly those of fresh products, while prices for manufactured goods fell slightly less (-0.3% vs -0.4%). Meanwhile, tobacco prices increased 3.3%, the same as in August. Compared to the previous month, the CPI decreased 0.3%, following a 0.7% rise. Considering the EU-harmonised CPI, prices went up 3.4% on the year, the most since January 2024 and above forecasts of 3.1%. On the month, the EU-harmonised CPI fell 0.4%.
2026-09-30