French consumer price index unchanged in October

According to the report from INSEE, in October 2020, the Consumer Price Index (CPI) was stable over a month, after –0.5% in September 2020. The food prices (+0.2% after –0.5% in September) and those of energy (+0.2% after –0.7%) rebounded after a fall in September. Those of services declined less than in the previous month (–0.3% after –1.5%). The prices of tobacco were stable. Those of manufactured goods slowed down strongly after a rebound in the last month (+0.4% after +1.6%).

Seasonally adjusted, consumer prices were stable in October, after –0.2% in September.

Year on year, consumer prices were stable for the second month in a row. The acceleration in the food prices (+1.5% after +0.9% in September) and the reduced decrease of energy prices (–7.8% after –8.0%) and of those of manufactured goods (–0.1% after –0.2%) were offset by the slowdown in service prices (+0.4% after +0.6%).

Year on year, core inflation increased, in October, by 0.3% year on year, after 0.5% in September. The Harmonised Index of Consumer Prices (HICP) was stable over a month, after –0.6% in the previous month; year on year, it increased by 0.1% after being stable in September.