Categories: Economy

French y/y shopper inflation confirmed at 1.7% in November


(Reuters) -Client costs in France had been up 1.7% year-on-year in November, statistics workplace INSEE stated on Friday, in step with its preliminary studying revealed late final month.

The EU-harmonised year-on-year inflation determine within the bloc’s second largest economic system accelerated barely from the October studying of +1.6%.

Analysts in a Reuters ballot had on common anticipated a preliminary EU-harmonised inflation determine of 1.7% in November.

November’s determine was affected by a seasonal slowdown in air transport costs, which drove down service costs.

On a month-to-month foundation, costs fell 0.1% in November, having risen 0.3% in October.

Power costs had been down 0.7% on the yr after a studying of minus 0.2% in October, INSEE stated.

Nonetheless, meals costs had been up 0.2% within the yr to November after a rise of 0.6% within the yr to October, whereas companies inflation was unchanged at 2.3%, INSEE knowledge confirmed.

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