French October Inflation Rate Confirmed at 1.1%
French consumer prices rose by 1.1 percent year-on-year in October 2017, matching the preliminary estimate and following a 1 percent increase in the prior month. It was the highest inflation rate since April, as food prices rose further while cost of manufactured products fell at a softer pace.
Year-on-year, upward pressure came from: Energy (4.8 percent from 5.1 percent in September); food (1.5 percent from 1.1 percent), of which fresh food (4.5 percent from 1.6 percent) and other food (1.1 percent from 1 percent); tobacco ( 2.4 percent, the same pace as in September); and services (1 percent, the same pace as in the prior month). In contrast, prices of manufactured products fell 0.3 percent, after a 0.5 percent decline in September.
11/15/2017 8:11:13 AM
Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures, stood at 0.5 percent, as in July, August, and in September.
On a monthly basis, consumer prices increased by 0.1 percent in October, in line with a preliminary reading and recovering from a 0.2 percent fall in September. This rebound resulted from that in food prices and lesser drop in services prices. Contrariwise, manufactured product prices slowed down sharply after a marked rise in September. Energy prices increased barely less than in the prior month.
The harmonised index of consumer prices rose by 1.2 percent from the previous year; and edged up by 0.1 percent from the previous month.