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- France's consumer price index fell in line with forecasts in September
France's consumer price index fell in line with forecasts in September
According to the report from INSEE, in September 2020, the Consumer Price Index (CPI) fell by 0.5% over a month, after –0,1% in August 2020. Service prices declined sharply (–1.5% after +0.3% in August). Those of energy (–0.7% after +0.3%) and food prices (–0.5% after +0.2%) decreased and those of tobacco were stable. Finally, manufactured product prices rebounded strongly (+1.6% after a 1.2% drop in the previous month).
Seasonally adjusted, consumer prices dropped by 0.2% in September, after –0.5% in August.
Year on year, consumer prices were stable, after +0.2% in the previous month. This is the result of a slowdown in service prices and an accentuated decline of those of energy. The prices of tobacco rose less, year on year, than in August (+13.7% after +13.8% in August). Finally, the food prices and those of manufactured product prices evolved at the same rate as in the previous month.
Year on year, core inflation increased, in September, by 0.5% year on year, at the same rate as in the previous month. The Harmonised Index of Consumer Prices (HICP) fell by 0.6% over a month, after –0.1% in the previous month; year on year, it was stable, after +0.2% in August
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