Oil Prices Push French Inflation to 2.2 Percent
French consumer prices rose by 2.2 percent in the 12 months to September, exceeding an upper limit of 2.0 percent set for the euro zone by the European Central Bank, official data showed on Friday, reported (AFP)
The increase was driven by a rise of the price of oil products which caused the monthly price index for September to rise by 0.6 percent from the figure for August when prices had risen by 0.2 percent, the INSEE statistics office reported.
In July, 12-month inflation was 1.8 percent, the highest figure in France since January 1997 – (AFP)
© 2000 Al Bawaba (www.albawaba.com)