France Inflation November 2017

France

France: Inflation inches up in November

December 14, 2017

According to revised data released by the National Statistical Institute (INSEE) on 14 December, consumer prices rose 0.1% from the previous month in November, matching the increase recorded in October. The reading reflected increasing price pressures on energy, and higher prices for tobacco products, which offset slightly lower service and manufactured goods prices.

Inflation picked up slightly, from 1.1% in October to 1.2% in November. Meanwhile, annual average inflation in November also inched up 0.1 points from October, to 1.0%.

Harmonized consumer prices rose 0.1% month-on-month in November (October: +0.1% month-on-month), and harmonized inflation came in at 1.2%, likewise unchanged from October. Meanwhile, annual average HICP inflation was also steady at October’s 1.1% in November.

FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.2% in 2018, which is unchanged from last month’s forecast. For 2019, panelists project that inflation will inch up to 1.5%.


Author:, Economist

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France Inflation November 2017

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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