France Inflation Unchanged In November

France’s consumer price inflation was unchanged in November amid a slower increase in energy prices, preliminary data from the statistical office INSEE showed Wednesday.
The consumer price index, or CPI, rose 6.2 percent in November, same as in October.
The harmonized index of consumer prices, or HICP, rose 7.1 percent year-on-year, same as in the previous month.

Both figures were in line with economists’ estimates.
Food inflation climbed to 12.2 percent from 12.0 percent, while energy inflation slowed to 18.5 percent from 19.1 percent.

“Despite the decline of fuel rebates, the prices of energy should slow down slightly in November notably linked with the least dynamism of the petroleum product prices,” INSEE said.
Compared to the previous month, the CPI increased 0.4 percent after a 1.0 percent rise in October. The HICP rose 0.5 percent following a 1.2 percent in the previous month. Economists had forecast a 0.4 percent increase.
The final results of the inflation data for November is scheduled for release on December 15.

Separate data from INSEE showed that industrial producer prices had their first monthly decline since April 2021 in October.
Factory prices dropped 1.1 percent after a 0.2 percent gain in September.

Prices for the home market eased 0.1 percent and those for the foreign market decreased for the second month in a row, down 3.5 percent.

Producer price inflation slowed sharply to 21.4 percent from 26.0 percent. Prices for the home market rose 24.7 percent annually after a 28.7 percent increase.