France Inflation Rate at 25-Month High of 0.5% in November

Consumer prices in France are set to rise 0.5 percent year-on-year in November of 2016, following a 0.4 percent gain in October. It was the highest inflation rate since October 2014, as an increase in prices of food, energy and services offset a decline in cost of manufactured products.

Year-on-year, prices of food went up 0.3 percent in November (from -0.1 percent in October). Among food, prices rose for fresh food (+2.1 percent, after a flat reading in the prior month) while other food remained unchanged ( from -0.1 percent). Cost also increased for energy (+2.1 percent from +0.7 percent) and services (+1.0 percent from + 1.0 percent). In contrast, cost fell for manufactured products(-0.6 percent from -0.6 percent).

On a monthly basis,  consumer prices  are expected to remain unchanged, the same as in the prior month while market estimated a 0.1 percent fall.

The harmonised index of consumer prices are set to increase by 0.7 percent from a year earlier in November, after growing by 0.5 percent in October and faster than consensus of a 0.6 percent gain. On a monthly basis, consumer prices were unchanged, the same as in a month earlier.

France Inflation Rate at 25-Month High of 0.5% in November

Insee l Rida Husna |
11/30/2016 8:39:43 AM