France's annual inflation hits record high in October

  28 October 2022    Read: 368

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, reports citing Anadolu Agency.

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.

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