The annual inflation rate in France rose to 3.4% in October 2026, picking up from 3.1% in September, confirming preliminary estimates and marking its highest level since December 2023. The acceleration was driven mainly by energy prices, which surged 24.1% year-on-year, following a 21.3% increase in September, with petroleum product prices rising 38.5% and gas prices jumping 27.1%. Meanwhile, services inflation accelerated to 2.6% from 2.4%, while the decline in manufactured product prices eased to 0.2% from 0.3%. In contrast, food inflation slowed to 1.2% from 1.4%, while tobacco inflation remained unchanged at 3.3%. Core inflation increased to 1.7% from 1.5%. On a monthly basis, consumer prices rose 0.4%, rebounding from a 0.3% decline in September, mainly as services and energy prices increased. Meanwhile, the EU-harmonised annual inflation rate rose to 3.7% from 3.4%, while monthly HICP increased 0.4% after falling 0.3% in September.