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France’s EU-Harmonised Inflation Revised to 0.8% in October

A steeper drop in energy alongside cheaper fresh produce pushed the final reading below forecasts.

Skyscrapers stand on the skyline in the La Defense business district, viewed from the Ballon Generali de Paris hot air research balloon during air quality checks, over the Park Andre-Citroen in Paris, France, April 29, 2025. REUTERS/Benoit Tessier
Les prix à la consommation ont augmenté en France de 0,9% sur un an en octobre, un ralentissement après le rebond de 1,2% en septembre, notamment en raison d'un recul des prix de l'énergie et de l'alimentation, selon l'Insee
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Overview

  • INSEE’s final data put France’s national CPI at 0.9% year on year in October, down from 1.2% in September and 0.1 point below the provisional estimate.
  • Month on month, prices edged up 0.1% after a 1.0% decline in September, underscoring short-term volatility.
  • Energy costs fell more sharply, with gasoline down 1.9% year on year after a 0.4% decline in September and electricity down 13.8%.
  • Food disinflation stemmed exclusively from falling fresh produce prices, while other items such as milk, cheese, eggs and meat saw renewed increases.
  • Services and tobacco remained the main inflation contributors, with services up 2.4% and tobacco up 4.1%, as overall inflation stayed below the ECB’s 2% target and under the 0.9% analyst consensus for HICP.