France confirms 2.4% inflation for August driven by oil prices

INSEE has confirmed that French consumer prices rose by 2.4% year-on-year in August, up from 2.1% in July. The increase is primarily attributed to energy costs, which surged by 16.7% due to rising oil prices. Brent crude has surpassed $100 per barrel, creating geopolitical tensions and impacting France's 2027 budget projections.