France: Inflation accelerates slightly in October
November 13, 2015
In October, consumer prices rose 0.1% over the previous month, which contrasted September’s 0.4% decrease. The reading overshot market expectations of a flat reading. According to the national statistical institute (INSEE), the result came on the back of a seasonal increase in the price of foodstuffs, which was partially offset by a decline in energy prices.
Inflation inched up from a flat reading in September to 0.1% in October. Core consumer prices, which do not take into account volatile categories such as fresh food and energy prices nor regulated prices, grew 0.1% over the previous month, which contrasted September’s 0.2% fall. Core inflation tallied 0.7% in October (September: 0.6%).
Harmonized consumer prices (based on the harmonized index of consumer prices, HICP) rose 0.1% over the previous month, which contrasted September’s 0.4% decrease. Harmonized inflation tallied 0.2% in October (September: 0.1%). Annual average HICP inflation remained stable in October at September’s 0.1%.
Author: Eric Denis , Economist