France Inflation October 2019

France

France: Harmonized inflation edges down in October

October 31, 2019

Consumer prices dipped 0.1% month-on-month in October, up slightly from September’s 0.3% fall, according to a preliminary estimate by the Statistical Institute (INSEE). Seemingly, the decrease largely reflected a drop in prices for food and services.

Harmonized consumer prices also fell 0.1% month-on-month in October (September: -0.4% month-on-month), while harmonized inflation edged down to 0.9% from 1.1% in September. In turn, annual average harmonized inflation moderated to 1.4% from 1.5% a month prior.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.4% in 2020, which is unchanged from last month’s forecast. For 2021, panelists see harmonized inflation averaging 1.5%.


Author:, Economist

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France Inflation October 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics and Economic Studies (INSEE).


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