Posted Oct 28, 2022 9:40 AMUpdated on Oct 28, 2022 at 11:59
It’s a bad surprise. In October, the rise in consumer prices accelerated to 6.2% over one year, according to provisional data published this Friday by INSEE. It even reaches 7.1%, if we take the harmonized Eurostat index. After three months of ebb which had enabled it to fall back to 5.6% in September, inflation is therefore resuming its mad dash forward.
All sectors are experiencing a new outbreak of fever: the cost of energy has soared by 19% over one year, driven up by massive imports to cope with shortages created by strikes in refineries.
But the inflation of food products is also becoming increasingly high and reaches almost 12% – against 10% in September – with a surge in fresh products (+ 16.9%). Finally, manufactured products increased by 4.2%. Only the prices of services and tobacco increased at the same rate as the previous month (respectively +3.2% and +0.3%).
Other bad news: over one month consumer prices rebounded by 1%, after a decline of 0.6% driven by the rebound in energy prices “in the wake of the prices of petroleum products”, explains INSEE . While food prices continue to soar.
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