French national inflation also rose more than expected to 3.0% year-over-year, up from 2.4% in August, marking the fastest growth in price levels for the country in more than two years. Monthly figures showed a slight cooling, with the national CPI falling 0.3% and the harmonized measure dropping 0.4%, though both were shallower declines than the 0.5% dip predicted by markets.
Wednesday, October 21, 2026
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Iran War Energy Shock Drives French Inflation to 3.4%
Global Markets20 days ago
The European Central Bank is under pressure to raise interest rates again after costs for fuel and power climbed across the eurozone in September. An energy-price shock stemming from the Iran war accelerated inflation in the region's largest economies, leading the EU harmonized consumer price index for France to reach 3.4%, which beat analyst forecasts of 3.2%.
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