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France sees drop in annual inflation to 4.0% in October 2023

02 Nov '23

1 min read

Pic: Adobe Stock/Sergey Chayko

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France's CPI is expected to rise by 4.0 per cent year on year in October 2023, a decrease from 4.9 per cent in September 2023, according to a provisional estimate.
This dip in inflation is attributed to slower increases in the prices of energy and manufactured products.
On a monthly basis, consumer prices are expected to rise by 0.1 per cent in October.

Over a year, France’s consumer price index (CPI) should rise by 4.0 per cent in October 2023, after 4.9 per cent in September, as per a provisional estimate. This decrease in inflation should be due to the slowdown over a year in the prices of categories including energy and manufactured products.

Over one month, consumer prices should rise by 0.1 per cent in October 2023, after -0.5 per cent in September. The prices of manufactured products should increase over a month, but less than in the previous month; those of energy should fall back, the National Institute of Statistics and Economic Studies (INSEE) said in a press release.

Year on year, the harmonised index of consumer prices should rise by 4.5 per cent in October 2023, after 5.7 per cent in September. Over one month, it should increase by 0.2 per cent, after -0.6 per cent in the previous month.

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