French Inflation Rate Accelerates in October


French consumer prices rose 0.1 percent in October of 2015, after remaining unchanged in the previous month and in line with market forecasts. A rise in cost of food and services offset a drop in cost of manufactured products and energy.

Year-on-year, cost increased for: food (+1.0 percent), fresh food (+7.1 percent), food excluding fresh products (+0.1 percent), tobacco (+0.3 percent), actual rentals and services for dwellings (+0.8 percent), medical services (+0.4 percent), transport and communication services (+1.0 percent), other services (+1.6 percent) and other manufactured products (+0.1 percent). In contrast, prices declined for: petroleum products (-13.6 percent), medical products (-4.2 percent) and clothing and footwear (-0.7 percent). 

On a monthly basis, the consumer price  also rose 0.1 percent in October following a 0.4 percent drop in September. Price increases were reported for: food (+0.5 percent), fresh food (+3.3 percent), food excluding fresh products (+0.1 percent), clothing and footwear (+0.1 percent), actual rentals and services for dwellings (+0.7 percent), medical services (+0.5 percent) and transport and communication services (+0.6 percent). In contrast, cost declined for: medical products (-0.5 percent), petroleum products (-0.9 percent) and other services (-0.3 percent).

In October, the core inflation indicator (ISJ) rose 0.1 percent month-0n-month following a 0.2 percent drop in September. Compared to the same month last year, it rose by 0.7 percent, after registering 0.6 percent in a month earlier. 

The Harmonized Index of Consumer Prices (HICP) increased by 0.1 percent in October over a month, after a 0.4 percent drop in the previous month. Year-on-year, it rose 0.2 percent, following a 0.1 percent rise in September.

French Inflation Rate Accelerates in October


Insee l Rida Husna | rida@tradingeconomics.com
11/12/2015 4:12:50 PM