French Inflation Slows in September

The annual inflation rate in French eased to 0.3 percent in September of 2014, down from 0.4 percent in the previous month, mainly due to lower cost of energy, food and services. The rate came in below market forecasts, touching the lowest since November of 2009.

Year-on-year, upward price pressures came from tobacco (+3.5 percent), other services (+2.1 percent), actual rentals and services for dwellings (+1.4 percent) and clothing and footwear (+0.5 percent). In contrast, consumers paid less for petroleum products (-4.8 percent), medical products (-2.9 percent), fresh food (-2.1 percent), medical products (-2.9 percent), food excluding fresh products (-0.4 percent) and other manufactured products (-0.4 percent)

On a monthly basis, the consumer prices index fell 0.4 percent in September of 2014, down from a 0.4 percent increase in August. The steepest price decreases in the month came from transport and communication services (-4.0 percent), other services (-1.8 percent) and petroleum products (-0.3 percent).

In September, annual core inflation was recorded at  0.0 percent,  slowing from 0.4 percent increase in Augustus. 

The harmonized index of consumer prices increased 0.4 percent year-on-year but went down 0.4 percent month-over-month. 

French Inflation Slows in September

INSEE l Rida l
10/14/2014 11:32:41 AM