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30.09.202606:45:00UTC+00French HICP Turns Negative in September, Marking Sharp Reversal in Price Momentum

French inflation, as measured by the Harmonised Index of Consumer Prices (HICP), swung into negative territory in September 2026, underscoring a sharp reversal in short-term price dynamics. Month-on-month, the HICP fell by 0.4% in September, according to data updated on 30 September 2026.

This decline follows a 0.7% month-on-month increase in August 2026, highlighting a notable loss of momentum in consumer prices over just one month. The “actual” September reading compares the change in prices versus August, while the “previous” figure reflects August’s change versus July. The turnaround from solid monthly growth to contraction will be closely watched by analysts assessing the near-term inflation path in France and its implications for broader euro area inflation trends.

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