Finance
French y/y consumer inflation confirmed at 1.7% in November
Published by Global Banking & Finance Review®
Posted on December 13, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 13, 2024
1 min readLast updated: January 27, 2026
France's consumer inflation was confirmed at 1.7% in November, aligning with forecasts. EU-harmonised inflation increased slightly from October's 1.6%.
(Reuters) -Consumer prices in France were up 1.7% year-on-year in November, statistics office INSEE said on Friday, in line with its preliminary reading published late last month.
The EU-harmonised year-on-year inflation figure in the bloc's second biggest economy accelerated slightly from the October reading of +1.6%.
Analysts in a Reuters poll had on average expected a preliminary EU-harmonised inflation figure of 1.7% in November.
November's figure was affected by a seasonal slowdown in air transport prices, which drove down service prices.
On a monthly basis, prices fell 0.1% in November, having risen 0.3% in October.
Energy prices were down 0.7% on the year after a reading of minus 0.2% in October, INSEE said.
However, food prices were up 0.2% in the year to November after an increase of 0.6% in the year to October, while services inflation was unchanged at 2.3%, INSEE data showed.
(Reporting by Anna Peverieri; Editing by Kevin Liffey)
The main topic is the confirmation of French consumer inflation at 1.7% year-on-year in November, as reported by INSEE.
EU-harmonised inflation in France rose slightly from 1.6% in October to 1.7% in November.
A seasonal slowdown in air transport prices and a decrease in energy prices influenced November's inflation figures.
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