Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Politics

France’s inflation rate dips to 1.5% in September amid decline in energy prices

admin by admin
September 27, 2024
in Politics
0
France’s inflation rate dips to 1.5% in September amid decline in energy prices
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

France’s inflation rate took a significant dip in September, falling to 1.5%, down from 2.2% in August, according to preliminary data released by the National Institute of Statistics and Economic Studies (Insee) on Friday.

The primary drivers behind this significant decrease include a notable reduction in energy prices, particularly petroleum products, along with a seasonal decline in transport costs.

Insee also noted that some tariffs had returned to normal after surging during the Olympic and Paralympic Games. Meanwhile, tobacco prices were relatively unchanged for the month.

The drop in France’s harmonized inflation rate—adjusted for comparison across eurozone countries—was steeper than economists anticipated, further intensifying the pressure on European Central Bank (ECB) policymakers to introduce measures aimed at stimulating the broader economy.

The Harmonized Index of Consumer Prices (HICP) fell below the 2.0% forecast from economists surveyed by Reuters.

The sharp decline is seen as a potential catalyst for additional ECB interventions.

Earlier this month, the central bank lowered interest rates by 25 basis points to 3.5%, resuming its rate-cutting cycle, which began in June.

Following the inflation announcement, the euro dipped to a session low of $1.1143 before settling at $1.1126 by mid-morning in London, representing a 0.45% drop.

In addition to the HICP, France’s Consumer Price Index (CPI) for September also showed a decline, falling to 1.2% from 1.8% in August, marking the steepest monthly drop in inflation since 1990, according to Insee.

As France’s inflation cools rapidly, the pressure mounts on the ECB to take further action to prevent a slowdown in the eurozone’s second-largest economy.

The post France’s inflation rate dips to 1.5% in September amid decline in energy prices appeared first on Invezz

Previous Post

KeyBanc downgrades dating app Bumble to “Sector Weight”

Next Post

Shigeru Ishiba set to become Japan’s next PM: Yen strengthens against USD, bond yields decline

admin

admin

Next Post
Shigeru Ishiba set to become Japan’s next PM: Yen strengthens against USD, bond yields decline

Shigeru Ishiba set to become Japan’s next PM: Yen strengthens against USD, bond yields decline

Trending News

3 reasons Bernstein strategists are bullish on the EU pharma sector into 2025

3 reasons Bernstein strategists are bullish on the EU pharma sector into 2025

January 12, 2025
MongoDB stock price forms golden cross nears ahead of earnings

MongoDB stock price forms golden cross nears ahead of earnings

December 8, 2024
JPMorgan bullish on India and Japan – report

JPMorgan bullish on India and Japan – report

September 24, 2024
Subscribe to Insightful Word


    Recent News

    ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

    ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

    June 5, 2025
    Ripple releases $2.18B in XRP, price dips 2%

    Ripple releases $2.18B in XRP, price dips 2%

    June 5, 2025
    Nintendo Switch 2 launch sees shortages as 2.2M vie for units in Japan

    Nintendo Switch 2 launch sees shortages as 2.2M vie for units in Japan

    June 5, 2025
    Why Bank of America sees 13% upside on Roblox (RBLX)

    Why Bank of America sees 13% upside on Roblox (RBLX)

    June 5, 2025

    Recent News

    ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

    ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

    June 5, 2025
    Ripple releases $2.18B in XRP, price dips 2%

    Ripple releases $2.18B in XRP, price dips 2%

    June 5, 2025

    Latest News

    • ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant
    • Ripple releases $2.18B in XRP, price dips 2%
    • Nintendo Switch 2 launch sees shortages as 2.2M vie for units in Japan

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.