In November, French consumer price inflation saw a slight uptick, as confirmed by the final data from INSEE, the nation's statistical office. The Consumer Price Index (CPI) experienced a 1.3% annual increase, marginally higher than the 1.2% growth observed in October, aligning with the preliminary figures released on November 29.
Correspondingly, the EU-harmonized inflation rate increased to 1.7% from 1.6%, as previously projected. This modest ascent in overall inflation was primarily driven by changes in energy prices, which declined at a slower rate—0.7% in November compared to 2.0% in the previous month.
In contrast, food inflation eased, dropping to 0.2% from 0.6%. The data revealed that service prices maintained a steady growth pace of 2.3%, while prices for manufactured goods decreased by 0.3%.
Core inflation remained nearly constant in November, recorded at 1.5% compared to 1.4% in October. On a monthly basis, consumer prices saw a slight decline of 0.1%, reversing a 0.3% rise recorded in October, as confirmed by the initial data.
The harmonized index of consumer prices also decreased by 0.1%, as initially estimated, counteracting the 0.3% increase observed in the previous month.
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