Urgent: Annual inflation in France accelerates, recording 1.6% in October.

The National Institute of Statistics and Economic Studies in France (INSEE) released its final inflation data for the country on Friday morning for the month of October, showing a higher figure than market expectations. The overall Consumer Price Index (CPI) growth in France slowed to 1.6% year-on-year, which was above market forecasts that suggested inflation would remain stable at 1.5%. The annual inflation rate in France had slowed to 1.5% in September. On a monthly basis, inflation in France remained stable with an increase of 0.3% in October, matching market expectations that indicated inflation would stabilize at the same level. The October reading was also consistent with the previous month’s reading, which was 0.3% in September. It is worth noting that the inflation index published by INSEE in France measures price movements by comparing retail prices of a basket of goods and services, and typically, the purchasing power of the euro declines due to inflation.