France: Harmonized inflation edges down in October
Consumer prices dipped 0.1% month-on-month in October, up slightly from September’s 0.3% fall, according to a preliminary estimate by the Statistical Institute (INSEE). Seemingly, the decrease largely reflected a drop in prices for food and services.
Harmonized consumer prices also fell 0.1% month-on-month in October (September: -0.4% month-on-month), while harmonized inflation edged down to 0.9% from 1.1% in September. In turn, annual average harmonized inflation moderated to 1.4% from 1.5% a month prior.