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- French consumer prices rose by 0.1% in November, as expected
French consumer prices rose by 0.1% in November, as expected
According to the report from INSEE, in November 2019, the Consumer Prices Index (CPI) rose by 0.1% over a month, after a stability in October. This slight increase resulted from the sharp rise in tobacco prices (+6.0% after 0.0%) and a more moderate one in the prices of energy (+0.3% after 0.0%) and food (+0.1% after −0.4%). The drop in services prices was accentuated (−0.2% after −0.1%) and the prices of manufactured products slightly edged down (−0.1% after +0.3%).
Seasonally adjusted, consumer prices rose by 0.2% in November after a stability in October.
Year on year, consumer prices gathered pace after four consecutive months of slowdown: +1.0% after +0.8%. This rise in inflation came from a sharp acceleration in tobacco prices, an accentuated dynamism in those of food and services and a lesser drop in energy prices. Contrariwise, the prices of manufactured products dropped a little less than in the previous month.
Year on year, core inflation was stable in November: +1.0%, as in the previous month. The Harmonised Index of Consumer Prices (HICP) rose by 0.1% over a month, after −0.1% in October; year on year, it accelerated to +1.2%, after +0.9% in the previous month.
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