This decline in inflation is due to the “slowdown” in the rise in energy and services prices.
The rise in consumer prices in France slowed in September, to 5.6% over one year, against 5.9% in August, according to provisional data published Friday by INSEE.
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This decline in inflation is due to theslow-downof the rise in the prices of energy and services, explains the National Institute of Statistics in a press release, while the rise in food prices is accelerating and that of manufactured goods continues at a close to the previous month.
Lull
After August, this is the second slowdown in consumer price inflation in France year-on-year since July 2021, when inflation was limited to 1.2%. Over one month, consumer prices fell back by 0.5%, after +0.5% in August. “For the third consecutive month“energy prices fell”in the wake of oil product prices“. The increase over one year is 17.8%, against +22.7% in August.
The seasonal fall in the prices of certain tourism-related services has been “more markedthan last year, notes INSEE concerning their monthly evolution. Over one year, the rise in service prices slowed to +3.2% in September against +3.9% the previous month.
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Over the same period, that of food prices rose 9.9% in September. The prices of fresh products increased by 11% over the same period, against +3.5% in August. The rise in the prices of manufactured products continued moderately (+3.6% against +3.5% in August). Finally, the harmonized consumer price inflation index (HICP), which serves as a basis for comparison at European level, increased by 6.2% over one year in September, against 6.6% in August. Over one month, the HICP fell by 0.5%, against +0.5% the previous month.