France July CPI Surges 2.4% YoY, Fueling ECB Rate Hike Expectations

French inflation hit 2.4% YoY in July, beating forecasts. Energy costs spiked 12.4%, reinforcing bets on a 25bps ECB rate hike in September.

Woofun AI data shows that France's consumer price index rose 2.4% year-on-year in July, exceeding the 2% forecast. Service sector inflation reached 2.3%, while energy prices accelerated by 12.4%. Economists anticipate a 25 basis point interest rate increase by the European Central Bank at its September meeting, though pending Eurozone CPI figures could alter this outlook.