Inflation rising under the effect of the fuel crisis. In France, consumer prices increased by 3% year-on-year in September, compared to an increase of 2.4% in August, according to a provisional estimate published on Wednesday, September 30, by the National Institute of Statistics and Economic Studies (Insee).
This new increase in inflation is explained, according to INSEE, by the acceleration in the prices of energy (+ 21.2% in September against + 1 6.7%) and fresh products (+ 9.9% against + 5.9% in August).
Overall food, which includes fresh products, saw its prices increase by 1.5% (compared to 1.1% in August). Another product category whose price is increasing: tobacco, up 3.3% year-on-year in September, as in August.
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Cover image: Fuels: why do we pay so much in France? ©France 24
Wave of inflation due to blockages in the Strait of Hormuz
The price of services is also up, by 2.2% in September (+1.9% in August).
Unlike other categories, the price of manufactured products is down slightly (-0.3%), but this decline is slightly lower than in August (-0.4%).
The wave of inflation affecting France, like the rest of Europe, is mainly explained by the outbreak of the war in Iran and the blockage of the Strait of Hormuz which followed at the end of February: before these events, consumer prices only increased by around 1% over one year.
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Over one month, however, consumer prices fell slightly, by 0.3%.
In its provisional estimates published on Wednesday, INSEE estimates the increase in the harmonized consumer price index (HICP), which allows comparisons between euro zone countries, to be 3.4%, compared to 2.6% in August.
With AFP
