PARIS (Businesshala) – French inflation rose slightly less than expected in September but still rose to the highest rate in nearly a decade, preliminary data from the INSEE statistics agency showed on Thursday.
INSEE said its EU-reconciled consumer price index fell 0.2% since August, with the 12-month inflation rate at 2.7% from 2.4% in August.
The September rate was the highest since December 2011, but slightly below the average forecast of 2.8% in a Businesshala poll of 24 economists’ expectations.
As is currently the case in many countries, inflation is increasing in France due to rising energy prices. INSEE said they grew 14.4% in one year in September