France: Inflation slows to 6.2% year on year in September (preliminary)

(Reuters) – The pace of inflation slowed in France in September due to an easing in the rise in energy and services prices, shows the first estimate of inflation calculated by European standards published on Friday by INSEE.

Over one year, the price index harmonized according to European HICP standards, which allows comparisons with other countries in the euro zone, rose by 6.2% after rising by 6.6% in August.

Economists polled by Reuters had on average forecast inflation at 6.7%.

On a monthly basis, the HICP index rose by 0.5% in September, like the previous month.

Inflation calculated according to French standards is also slowing, to +5.6% over one year in September after 5.9% in August, specifies INSEE. The consensus gave it at 5.9%.

(Written by Kate Entringer)

Copyright © 2022 Thomson Reuters

Source link -84