TSX gains after CPI shows US inflation rose 3%
Investing.com -- French consumer prices rose 1.1% in September compared to the same month last year, according to preliminary data released Tuesday by statistics agency INSEE.
The inflation figure came in slightly below economist expectations, as service prices increased while energy costs continued to decline.
Service prices, which include healthcare, internet, and other forms of communication, climbed 2.4% year-on-year in September, accelerating from the 2.1% increase recorded in August.
Meanwhile, energy prices fell 4.5% compared to September 2024, showing a less severe decline than the 6.2% drop observed in August.
The data provides insight into inflation trends in Europe’s second-largest economy as central banks monitor price pressures across the region.
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