The National Institute of Statistics and Economic Studies in France (INSEE) announced today, Thursday, that the inflation rate rose to 3.1% year-on-year in September, marking its highest level since January 2024, driven by rising energy and petroleum product prices.
The institute stated in its final data, followed by the news agency Video, that "energy prices recorded an annual increase of 21.3%, due to a 36.2% rise in petroleum product prices, including diesel fuel by 44.1% and gasoline by 25.7%."
It added that "gas prices rose by 19% and electricity prices by 1.4%, while the rise in service prices accelerated to 2.4%, driven by a 5.1% increase in transportation costs and a 10% rise in airfare prices."
It clarified that "food prices increased by 1.4% year-on-year, while prices of manufactured industrial products declined by 0.3%, and the core inflation rate, which excludes the most volatile prices, reached 1.5% compared to 1.1% in August."
It noted that "prices decreased by 0.3% month-on-month in September, after rising by 0.7% in August, due to the seasonal decline in tourism and transportation service prices," indicating that "the inflation rate according to the harmonized European index reached 3.4% year-on-year."