France's annual inflation hits record high in October

Consumer prices surge 6.2% from year ago in October due to higher costs of energy, food and manufactured goods, provisional data shows

By Tuba Sahin

ANKARA (AA) - France's annual consumer inflation hit a new record in October due to higher costs of energy, food and manufactured goods, according to provisional data released on Friday.

Consumer prices surged 6.2% year-on-year in October, accelerating from a four-month low of 5.6% in September, the National Institute of Statistics and Economic Studies said.

It was the largest annual rise since June 1985.

Energy prices saw an annual hike of 19.2% in October versus 17.9% a month ago. Food prices soared 11.8% on a yearly basis in October and manufactured goods by 4.2%.

On a monthly basis, Consumer Prices Index increased 1% month-on-month in October, after falling 0.6% in September.

Kaynak:

This news has been read 116 times in total