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France Inflation November 2019

France: Harmonized inflation climbs in November

Consumer prices rose 0.1% in November, after seeing no growth in October, according to a second estimate by the Statistical Institute (INSEE). The introduction of a new tobacco tax and a rebound in gas prices likely drove the monthly upturn.

Harmonized consumer prices also rose 0.1% month-on-month in November (October: -0.1% month-on-month), while harmonized inflation increased to 1.2% after 0.9% in October. Meanwhile, annual average harmonized inflation eased to 1.3% from 1.4% a month prior.

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