France: Inflation remained steady in October
November 2, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices were flat in October (September: -0.2% month-on-month). October’s reading reflected higher prices for services and food products, which more than offset lower prices for energy and manufactured products.
Inflation in October remained steady at the 0.4% print observed in September. Meanwhile, annual average inflation mirrored September’s 0.1% reading.
Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) remained stable in October (September: -0.2% month-on-month). Harmonized inflation in October matched September’s 0.5% print. Meanwhile, annual average HICP inflation in October remained steady at September’s 0.2% reading.