Retail

CPI in France drops slightly in Nov 2023 after rising in Oct

18 Dec '23

1 min read

Pic: Adobe Stock

Insights

France's CPI in France fell back slightly by 0.2 per cent in November after October's 0.1-per cent rise.
This fall was mainly due to the downturn in prices of services.
Seasonally adjusted, consumer prices fell by 0.1 per cent month on month in November, as they did in October.
Year on year, these went up by 3.5 per cent, after a 4-per cent rise in October.

The consumer price index (CPI) in France fell back slightly by 0.2 per cent in November after a rise of 0.1 per cent in October. This decrease was mainly due to the downturn in the prices of services.

The prices of energy declined month on month (MoM) again in November.

Seasonally adjusted, French consumer prices declined by 0.1 per cent MoM in November, as they did in October, the National Institute of Statistics and Economic Studies (INSEE) said in a release.

Year on year (YoY), consumer prices went up by 3.5 per cent in November, after a 4-per cent rise in October.

This decrease of inflation resulted from the YoY slowdown in the prices of energy, manufactured products and services.

Core inflation kept decreasing YoY, reaching 3.6 per cent in November this year after 4.2 per cent in October.

Fibre2Fashion News Desk (DS)

More Retail News - France...