France Inflation

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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%.

The government expects annual consumer prices to be broadly stable in 2015. FocusEconomics Consensus Forecast panelists expect HICP inflation to average 0.2% in 2015, which is unchanged from last month’s forecast. For 2016, panelists project that inflation will accelerate to 1.1%, which is…


Author:, Economist

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France Inflation Chart


France Inflation October 2015

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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