News & analysis
French September Inflation Accelerates to 3.0%, Topping Forecasts
The preliminary annual reading overshoots expectations and moves further from the prior 2.4% pace, even as the monthly index declined 0.3%.
French preliminary consumer prices rose 3.0% from a year earlier in September, above a 2.8% forecast and up from 2.4% in the previous reading, according to the preliminary CPI release.
The monthly preliminary index declined 0.3%, reversing a 0.7% increase in the prior reading. Because the annual rate rose while prices fell on the month, the acceleration in the 12-month measure reflects the base of comparison rather than fresh September price gains.
