France's consumer price index rose slightly in November

According to the report from the INSEE, in November 2020, the Consumer Price Index (CPI) rose by 0.2% over one month, after being stable in October 2020. The service prices rebounded (+0.1% after –0.3% in October) and those of food prices accelerated (+0.6% after +0.2%). The prices of tobacco grew sharply (+4.9%) after being stable in the last month and those of energy also increased (+0.3% after +0.2%). In contrast, the prices of manufactured goods fell back in November (–0.3% after +0.4% in October).

Seasonally adjusted, consumer prices rose by 0.4% in November, after being stable in October.

Year on year, consumer prices increased by 0.2% after being stable the two previous months. This increase in inflation resulted from the acceleration of the service prices (+0.7 % after +0.4 %) and those of the food (+2.0% after +1.5%). The energy prices fell at the same rate as in the last month (–7.8%). The prices of tobacco slowed down (+12.5% after +13.7%) and those of manufactured goods decreased more sharply (–0.3% after –0.1%).

Year on year, core inflation rose, in November, up to +0.4% after +0.3% in October. The Harmonised Index of Consumer Prices (HICP) rose by 0.2% over a month after being stable in the previous month; year on year, it increased by 0.2% after +0.1% in October.