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French Y/y Consumer Inflation Confirmed at 1.7% in November

Published by Global Banking & Finance Review®

Posted on December 13, 2024

1 min read

Last updated: January 27, 2026

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Quick Summary

France's consumer inflation was confirmed at 1.7% in November, aligning with forecasts. EU-harmonised inflation increased slightly from October's 1.6%.

French Yearly Consumer Inflation Holds at 1.7% in November

(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)

Key Takeaways

•French consumer inflation confirmed at 1.7% for November.
•EU-harmonised inflation slightly rose from October's 1.6%.
•Analysts expected a 1.7% inflation rate for November.
•Air transport prices seasonally slowed, affecting service prices.
•Energy prices decreased by 0.7% year-on-year.

Frequently Asked Questions about French y/y consumer inflation confirmed at 1.7% in November

1What is the main topic?

The main topic is the confirmation of French consumer inflation at 1.7% year-on-year in November, as reported by INSEE.

2How did EU-harmonised inflation change?

EU-harmonised inflation in France rose slightly from 1.6% in October to 1.7% in November.

3What factors affected November's inflation?

A seasonal slowdown in air transport prices and a decrease in energy prices influenced November's inflation figures.

French Yearly Consumer Inflation Holds at 1.7% in November

(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)

Frequently Asked Questions

1What is the main topic?

The main topic is the confirmation of French consumer inflation at 1.7% year-on-year in November, as reported by INSEE.

2How did EU-harmonised inflation change?

EU-harmonised inflation in France rose slightly from 1.6% in October to 1.7% in November.

3What factors affected November's inflation?

A seasonal slowdown in air transport prices and a decrease in energy prices influenced November's inflation figures.