PARIS (Reuters) – Inflation over one year slowed significantly in October in France, thanks to a lower rise in the prices of energy, food and manufactured products which offset a slight acceleration in prices services, according to preliminary data published Tuesday by INSEE.
The consumer price index (CPI) rose 4% in a first estimate over the twelve months to the end of October, in line with the expectations of analysts polled by Reuters.
Over one month, consumer prices increased by 0.1%, after a decline of 0.5% in September, due to the acceleration in transport prices.
The consumer price index harmonized according to European HICP standards, which allows comparisons with other countries in the euro zone, was up 4.5% over one year at the end of October, also in line there. with expectations, compared to an increase of 5.7% at the end of September.
Over one month, the HICP index increased by 0.2% after a decline of 0.6% the previous month, according to INSEE.
Inflation data for the entire eurozone will be released at 10:00 GMT. Economists expect a slowdown to 3.1% year-on-year in October while indicators published on Monday in Spain and Germany have already shown a decline in price increases this month.
(Written by Blandine Hénault)
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