The French are rioting as inflation hits 3.4% while wage growth and GDP remain stagnant. It’s higher in Trump’s America
Source: Fortune ·
France's unemployment tops 8%, with youth joblessness at 20%. It’s not quite the same everywhere.
From the source
Mass protests and rioting swept France over the weekend as the eurozone’s second-largest economy grapples with stagflation. The unrest began last month, when students took to the streets to decry the lack of investment in education, highlighting run-down classrooms, missing teachers, and buildings that aren’t equipped for rising temperatures. Others later joined in solidarity while also denouncing police tactics against student protestors. Eventually, the demonstrations focused on the high cost of living and rising fuel prices, which have jumped due to the U.S. war on Iran. The unrest has coincided with a steep acceleration in inflation. Consumer prices rose 3.4% in September from a year earlier, the fastest pace since January 2024 and up from August’s annual rate of 2.6%. To be sure, France isn’t the only country suffering from higher inflation. Prices are up everywhere, including in the U.S., where affordability is the main issue in midterm elections that are expected to punish…