France: Inflation falls to six-month low in September
October 14, 2015
In September, consumer prices fell 0.4% over the previous month, which contrasted August’s 0.3% increase. The reading was in line with market expectations. According to the national statistical institute (INSEE), the result came on the back of a decrease in prices of petroleum products as well as a seasonal downturn in the price of services related to tourism.
Inflation inched down from August’s 0.1% to zero in September, which marked a six-month low. Core consumer prices, which do not take into account volatile categories such as fresh food and energy prices nor regulated prices, fell 0.2% over the previous month, which contrasted August’s 0.1% rise. Core inflation tallied 0.6% in September (August: 0.6%).
Harmonized consumer prices (based on the harmonized index of consumer prices, HICP) fell 0.4% over the previous month, which contrasted August’s 0.4% increase. Harmonized inflation tallied 0.1% in September (August: 0.1%). Annual average HICP inflation inched down from August’s 0.2% to 0.1% in September, thus marking its lowest value since December 2009.
Author: Eric Denis , Economist