French Inflation Rate Unchanged in September


French consumer prices remained unchanged in September of 2015, the same pace as in the previous month. It is the lowest rate since March this year, as a decline in cost of manufactured products and energy offset an increase in cost of food and services.

Year-on-year, cost increased for: food (+0.9 percent), fresh food (+7.4 percent), tobacco (+0.3 percent), tobacco (+0.3 percent), actual rentals and services for dwellings (+0.9 percent), medical services (+0.5 percent), transport and communication services (+0.8 percent) and other services (+1.6 percent). In contrast, prices declined for: petroleum products (-14.3 percent), medical products (-3.7 percent), clothing and footwear (-0.9 percent) and other manufactured products (-0.1 percent). Prices of food excluding fresh food remained stable from the previos month.

On a monthly basis, the consumer price index dropped 0.4 percent in September following a 0.3 percent increase in August. Price decreases were reported for: food excluding fresh products (-0.1 percent), petroleum products (-2.2 percent), transport and communication services (-4.6 percent) and other services (-1.8 percent). In contrast, cost increased for: food (+0.5 percent), fresh food (+4.4 percent), clothing and footwear (+7.7 percent) and other manufactured products (+0.3 percent). Cost remained unchanged for medical products and actual rental services for dwellings.

In September, the core inflation indicator (ISJ) dropped by 0.2 percent month-on-month, following a 0.1 percent rise in August. Compared to the same month last year, it rose by 0.6 percent, remaining stable from a month earlier. 

The Harmonized Index of Consumer Prices (HICP) fell 0.4 percent in September over a month, after a 0.4 percent increase in the previous month. Year-on-year, it rose 0.1 percent, the same pace as in a August.

French Inflation Rate Unchanged in September


Insee l Rida Husna | rida@tradingeconomics.com
10/14/2015 11:55:00 AM