French Inflation Rises in October

The annual inflation rate in France accelerated to 0.5 percent in October of 2014 from 0.3 percent in the previous month, mainly due to higher cost of services and fresh food.

Year-on-year, upward price pressures came from tobacco (+3.5 percent), other services (+2.2 percent), fresh food (+1.5 percent) actual rentals and services for dwellings (+1.4 percent) and clothing and footwear (+0.3 percent). In contrast, lower costs were seen for petroleum products (-3.6 percent), medical products (-2.9 percent), food excluding fresh products (-0.4 percent), other manufactured products (-0.6 percent) and transport (-0.5 percent). 

On a monthly basis, the consumer price index was flat in October, following a 0.4 percent decline in September. The highest price increase came from fresh food (+3.6 percent), actual rents (+0.7 percent), medical services (+0.5 percent) and transport and communication services (+0.4 percent).

In October, annual core inflation was recorded at 0.0 percent, the same as in the previous month. 

The harmonized index of consumer prices was unchanged month-on-month and edged up to 0.5 percent year-on-year. 

French Inflation Rises in October

INSEE l Rida l
11/13/2014 9:37:02 AM