France: Annual consumer prices remain stable in November
December 10, 2015
In November, consumer prices fell 0.2% over the previous month, which contrasted October’s 0.1% increase. The reading undershot market expectations of a flat reading. According to the national statistical institute (INSEE), the result came on the back of a seasonal decrease in the prices of transport services and foodstuffs, as well as a drop in energy prices.
Annual consumer prices remained stable in November, which followed the 0.1% rise tallied in October. Core consumer prices, which do not take into account volatile categories such as fresh food and energy prices nor regulated prices, recorded zero growth over the previous month, which was below October’s 0.1% rise. Core inflation tallied 0.7% in November (October: 0.7%).
Harmonized consumer prices (based on the harmonized index of consumer prices, HICP) fell 0.2% over the previous month, which contrasted October’s 0.1% increase. Harmonized inflation tallied 0.1% in November (October: 0.2%). Annual average HICP inflation remained stable in November at October’s 0.1%.
Author: Eric Denis , Economist