France Inflation Rate at 23-Month High in September
Consumer prices in France are set to rise 0.4 percent year-on-year in September of 2016, following a 0.2 percent gain in August. It was the highest inflation rate since October 2014 as an increase in prices of food and services offset a decline in cost of energy and manufactured products.
9/30/2016 7:27:42 AM
Year-on-year, prices of food went up 0.4 percent in September (from +1.4 percent in August). Among food, prices rose for fresh food (+3.3 percent from 10.5 percent) while other food products (-0.1 percent from +0.1 percent). Cost also increased for services (+1.3 percent from + 0.7 percent). In contrast, cost fell for energy (-1.2 percent from - 3.0 percent) and manufactured products (-0.6 percent from -0.5 percent).
On a monthly basis, consumer prices are expected to drop 0.2 percent compared to a 0.3 percent rise in the in the prior month.
The harmonised index of consumer prices are set to increase by 0.5 percent from a year earlier in September after growing by 0.4 percent in August. On a monthly basis, consumer prices rose 0.2 percent, slowing from 0.3 percent increase in the preceding month.