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- French consumer price index unchanged in October
French consumer price index unchanged in October
According to the report from INSEE, in October 2020, the Consumer Price Index (CPI) was stable over a month, after –0.5% in September 2020. The food prices (+0.2% after –0.5% in September) and those of energy (+0.2% after –0.7%) rebounded after a fall in September. Those of services declined less than in the previous month (–0.3% after –1.5%). The prices of tobacco were stable. Those of manufactured goods slowed down strongly after a rebound in the last month (+0.4% after +1.6%).
Seasonally adjusted, consumer prices were stable in October, after –0.2% in September.
Year on year, consumer prices were stable for the second month in a row. The acceleration in the food prices (+1.5% after +0.9% in September) and the reduced decrease of energy prices (–7.8% after –8.0%) and of those of manufactured goods (–0.1% after –0.2%) were offset by the slowdown in service prices (+0.4% after +0.6%).
Year on year, core inflation increased, in October, by 0.3% year on year, after 0.5% in September. The Harmonised Index of Consumer Prices (HICP) was stable over a month, after –0.6% in the previous month; year on year, it increased by 0.1% after being stable in September.
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