WWhile the inflation rate in Germany and the euro area has broken the 10 percent mark, it has fallen in France for the second month in a row. According to initial estimates by the national statistics office, Insee, it fell to 5.6 percent in September. Consumer prices rose 5.9 percent in August and 6.1 percent in July. Compared to the rest of the euro zone, these are very low values, even if you look at the slightly higher figures from the European statistics agency Eurostat.
The increase in food prices also accelerated in France, rising from 7.9 percent in August to 9.9 percent in September. However, this was more than offset by the slower increase in energy prices, which fell from 22.7 to 17.8 percent. Energy prices have even fallen for the third month in a row, Insee wrote. The reason for this is lower prices for petroleum products. Some tourism-related services have also become cheaper due to seasonal factors.