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France Inflation Eases to 1.0% in October as Energy Costs Slide

Services costs nudged monthly inflation back to 0.1%.

Overview

  • Insee’s provisional estimate shows annual CPI slowed to 1.0% in October from 1.2% in September.
  • Energy prices fell 5.6% year over year, providing the largest drag on headline inflation.
  • Food inflation cooled to 1.3% year over year, including a 2.2% decline for fresh products.
  • Month over month, prices rose 0.1% after a 0.1% drop in September, led by higher services, particularly transport.
  • The EU‑harmonized index eased to 0.9% year over year, with services up 2.4%, tobacco up 4.1%, and manufactured goods down 0.5%.