CPI in France drops slightly in Nov 2023 after rising in Oct

The prices of energy declined month on month (MoM) again in November.

Seasonally adjusted, French consumer prices declined by 0.1 per cent MoM in November, as they did in October, the National Institute of Statistics and Economic Studies (INSEE) said in a release.

Year on year (YoY), consumer prices went up by 3.5 per cent in November, after a 4-per cent rise in October.

This decrease of inflation resulted from the YoY slowdown in the prices of energy, manufactured products and services.

Core inflation kept decreasing YoY, reaching 3.6 per cent in November this year after 4.2 per cent in October.

Fibre2Fashion News Desk (DS)