France: Harmonized inflation edges down in October
Consumer prices saw no month-on-month growth in October, following September’s 0.3% fall, according to a second estimate by the Statistical Institute (INSEE). A slight increase in manufactured product prices was offset by a drop in service and food prices, while energy prices remained broadly steady.
Harmonized consumer prices 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.