France: Inflation reaches two-and-a-half year high in November
December 14, 2016
According to revised figures released published by the National Statistical Institute (INSEE) on 14 December, consumer prices stayed flat in November (October: 0.0%). The reading reflects that higher prices for food products and energy offset lower prices of manufacturing products and services.
Inflation inched up from 0.4% in October to 0.5% in November, marking a two-and-a-half year high. Meanwhile, annual average inflation in November inched up to 0.2% from October’s 0.1%.
Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) remained stable in November (October: 0.0% month-on-month). Harmonized inflation in November edged up from 0.5% in October to 0.7%. Meanwhile, annual average HICP inflation picked up from 0.2% in October to 0.3% in November.