France Inflation Rate Confirmed at 0.4% in October


Consumer prices in France rose 0.4 percent year-on-year in October of 2016, the same pace as in September and matching preliminary estimates. An increase in cost of energy and services offset a decline in prices of food and manufactured products

Year-on-year, cost increased for:  tobacco (+0.1 percent), clothing and footwear (+0.2 percent), petroleum products (+1.8 percent), actual rentals and services for dwellings (+0.2 percent), medical services (+0.3 percent), communication (+3.2 percent) and other services (+1.3 percent). In contrast, cost fell for: food (-0.1 percent), other food (-0.1 percent), medical products (-2.5 percent), other manufactured products (-0.4 percent) and transport (-0.5 percent). Cost was flat for fresh food.

On a monthly basis, consumer prices remained unchanged, after declining 0.2 percent in the preceding month and below estimates of a flat growth. Prices were lower for: food (-0.1 percent), fresh food (-0.1 percent), medical products (-0.3 percent), other manufactured products (-0.1 percent) and ther services (-0.4 percent). In contrast, cost rose for clothing footwear (+0.4 percent) and petroleum products (+2.4 percent). Prices remained unchanged for other food, tobacco, actual rental and services for dwellings and communication.

In  October, core inflation indicator (ISJ)  fell 0.1 percent on the month, following a 0.2 rise in September. Compared to the same month a year earlier, it rose 0.5 percent, following a 0.7 percent rise in the preceding month.

The Harmonized Index of Consumer Prices (HICP) remained unchanged on the month, after falling a 0.2 percent in the previous month. Year-on-year, it rose 0.5 percent, the same pace as in the prior month.


France Inflation Rate Confirmed at 0.4% in October


Insee l Rida Husna | rida@tradingeconomics.com
11/15/2016 10:49:16 AM