France's CPI estimated at 3.7% in Dec 2023: INSEE

04 Jan '24

2 min read

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Insights

France's CPI is projected to rise by 3.7 per cent year-on-year in December 2023, a slight increase from 3.5 per cent in November.
This rise is mainly due to higher energy prices.
Despite overall inflation growth, prices of manufactured products are expected to slow down.
Monthly, consumer prices are set to marginally increase by 0.1 per cent in December.

France's consumer price index (CPI) is projected to see a year-over-year increase of 3.7 per cent in December 2023, marking a slight rise from the 3.5 per cent observed in November, according to a recent provisional estimate by the National Institute of Statistics and Economic Studies (INSEE). This anticipated increase in inflation is attributed primarily to the accelerated price rises in the energy sector.

While there is an overall upward trend in inflation, the prices of manufactured products are expected to experience a slowdown. This trend represents a significant shift in the inflationary pressures affecting different sectors of the French economy.

On a monthly basis, consumer prices are predicted to show a marginal rebound in December 2023, with an increase of 0.1 per cent, following a 0.2 per cent rise in November. This modest increase is noteworthy, considering the expected decrease in the prices of manufactured products and energy compared to the previous month, as per INSEE.

Furthermore, the harmonised index of consumer prices is also set to rise. It's projected to increase by 4.1 per cent year-on-year in December 2023, a jump from the 3.9 per cent increase seen in November. Similar to the CPI, the harmonised index is expected to see a very slight month-on-month increase of 0.1 per cent, consistent with the trend observed in the previous month.

Fibre2Fashion News Desk (DP)

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