Inflation in France accelerated to 1.2% in November – final data

FILE PHOTO: 10 Euro banknotes are pictured under ultraviolet light at the headquarters of Bundesbank in Frankfurt, Germany, May 7, 2014. REUTERS/Ralph Orlowski/File Photo
Consumer prices in France in November 2017, calculated by French standards, rose by 1.2% in annual terms after rising by 1.1% in October, according to the final data of the National Statistical Office Insee.

Relative to the previous month, prices increased by 0.1%.

The dynamics of both indicators coincided with preliminary data and forecasts of analysts.
The cost of food in France in November rose by 1.5% in annual terms and by 0.1% per month, industrial goods fell 0.2% and 0.1%, respectively.

Energy grew in price by 5.4% in annual terms and by 1.6% in November. Services have risen in price by 1% and for the year and have fallen in price by 0.1% per month.

Consumer prices in France, harmonized with the standards of the European Union, last month rose by 1.2% in annual terms. The preliminary estimate of inflation in November was 1.3%, and analysts polled by Bloomberg did not expect it to be revised. In monthly terms, prices increased by 0.1%.