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- France's consumer price index rose in line with forecasts in November
France's consumer price index rose in line with forecasts in November
According to the report from INSEE, in December 2020, the Consumer Price Index (CPI) rose by 0.2% over one month, as in November 2020. The service prices (+0.5% after +0.1%) and those of energy (+1.7% after +0.3%) accelerated significantly. The prices of tobacco were stable after a rebound the previous month (+4.9% in November). The food prices fell back (–0.4% after +0.6%) and those of manufactured goods decreased more than in the previous month (–0.4% after –0.3%)
Seasonally adjusted, consumer prices were stable in December, after +0.4% in November.
Year on year, consumer prices were stable, after +0.2% in the previous month. The food prices were less dynamic than in the previous month (+1.0% after +2.0%) and those of manufactured goods decreased more sharply (–0.9% after –0.3%). The prices of services (+0.7%) and those of tobacco (+12.5%) increased, year on year, at the same rate as in November. The decrease in the energy prices softened (–7.0% after –7.8%).
Year on year, core inflation decreased, in December, to +0.2% after +0.4% in November. The Harmonised Index of Consumer Prices (HICP) rose by 0.2% over a month as in the previous month; year on year, it was stable after +0.2% in November.
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