Retail

French consumer prices rise by 4.9% YoY in Sept 2023, INSEE estimates

03 Oct '23

1 min read

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France's consumer price index should rise by 4.9 per cent year on year (YoY) in September this year, as in the previous month, according to a provisional estimate by the National Institute of Statistics and Economic Studies.
Consumer prices should fall back by 0.5 per cent month on month (MoM) in September, after a 1 per cent MoM rise in August.

France’s consumer price index (CPI) should rise by 4.9 per cent year on year (YoY) in September this year, as in the previous month, according to the provisional estimate by the National Institute of Statistics and Economic Studies (INSEE) at the end of the month.

The year-on-year slowdown in the prices of food, services and manufactured products should indeed be compensated by the acceleration in energy prices, due to the rebound in those of petroleum products, it said in a note.

Consumer prices should fall back by 0.5 per cent month on month (MoM) in September, after a 1 per cent MoM rise in August. The prices of energy and manufactured products should increase over a month, but less than in August, an INSEE release said.

Year on year, the harmonised index of consumer prices should rise by 5.6 per cent in September, after a 5.7 per cent YoY rise in August. It should decrease by 0.6 per cent MoM, after a 1.1 per cent MoM rise in the previous month.

Fibre2Fashion News Desk (DS)

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