French inflation hit near 10-year high of 2.7% in September

INSEE said its EU-harmonised consumer prices index fell 0.2% from August, giving a 12-month inflation rate of 2.7%, up from 2.4% in August. The September rate was the highest since December 2011, but was slightly below an average forecast for 2.8% in a Reuters poll of 24 economists' expectations.

French inflation rose in September slightly less than expected but still reached its highest rate in nearly a decade, preliminary data from the INSEE statistics agency showed on Thursday. INSEE said its EU-harmonised consumer prices index fell 0.2% from August, giving a 12-month inflation rate of 2.7%, up from 2.4% in August.

The September rate was the highest since December 2011 but was slightly below an average forecast for 2.8% in a Reuters poll of 24 economists' expectations. As is currently the case in many countries, surging energy prices are driving the inflation spike in France. They rose 14.4% over one year in September, INSEE said