France’s annual inflation rose to 2.2% in April 2026 from 1.7% in March, confirming preliminary estimates and marking its highest level since July 2024. The pickup was mainly driven by energy prices, which surged 14.3% (vs 7.4% in March), reflecting a sharp rise in petroleum products (31.4% vs 18.1%) linked to the Middle East conflict. Services inflation also edged up to 1.8% from 1.7%. In contrast, food inflation slowed to 1.2% from 1.8%, while prices of manufactured goods continued to decline (-0.6% vs -0.5%). On a monthly basis, CPI rose 1.0%, unchanged from March, driven by increases in seasonal services (1.2%) and higher energy prices (4.7%), especially petroleum products (8.2%), while food rose slightly and manufactured goods were stable. Core inflation increased to 1.2% from 1.1%. Meanwhile, EU-harmonized inflation rose to 2.5%, marking the first time since August 2024 that France has exceeded the ECB’s 2% target.