France: Harmonized inflation falls to over one-year low in November
Harmonized inflation came in at 3.9% in November, which was down from October’s 4.5%. November’s reading represented the weakest inflation rate since January 2022. The decline was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities. Moreover, prices for recreation grew at a more subdued pace.
Annual average harmonized inflation fell to 5.9% in November (October: 6.2%). Meanwhile, consumer price inflation fell to 3.5% in November, from October’s 4.0%.
Lastly, harmonized consumer prices fell 0.24% in November over the previous month, contrasting the 0.17% increase seen in October.