This new acceleration in inflation, after two months of slowdown, is due in particular to the surge in food prices, which jumped 12% over one year.
The rise in consumer prices in France accelerated to 6.2% year on year in October, INSEE reported on Tuesday, confirming its first estimate published at the end of last month. This new acceleration in inflation, after two months of slowdown in August and September, is due to the surge in food prices, which jumped 12% over one year, and energy, which galloped with 19, 1% increase, specifies the National Institute of Statistics.
The prices of all fresh products increased by 17.3% over one year and those of fresh vegetables exploded by 33.9%, fruit taking 8% for their part. The prices of manufactured products also increased (4.2%), although much less, while those of services increased by 3.1%.
Over one month, the consumer price index took 1.0%, also confirms INSEE, those of energy rebounding by 5.8% compared to September, while food increased by 1.7 %. Core inflation, a measure used by economists and central banks to forecast the future trend of price developments and adjust interest rates accordingly, reached 5% in October, after 4.5% in September.
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Finally, the harmonized consumer price index, used for comparisons at European level, increased by 7.1% over one year in October, after 6.2% in September. However, this level of price increases remains below the average for the euro zone, in which inflation reached a record level of 10.7% last month.