France’s Annual Inflation Hits 6.2% in October, the Highest Since 1985

The annual inflation rate in France was 6.2% in October, according to official numbers released on Tuesday, the highest since 1985, driven by energy and food prices.

According to figures released by the French statistical office Insee, annual inflation accelerated from 5.6% in September.

“This increase in inflation resulted from the acceleration in food prices, energy prices, and manufactured good prices,” it added.

Prices for energy, food, and manufactured products increased by 19.1%, 12%, and 4.2%, respectively, year on year.

Insee also reported that monthly inflation in the country stood at 1%.