Paris (Reuters) -The inflation in France, harmonized according to European standards (IPCH), accelerated at 1.1% over one year in September against the backdrop of the prices of services, especially in health, show the preliminary data published Tuesday by INSEE.
This acceleration is however stronger than expected, the consensus of the analysts interviewed by Reuters tabbling on an IPCH inflation index, which allows comparisons with the other countries in the euro zone, up 1.3% this month.
IPCH inflation was up 0.8% in August, at an annual rate.
Inflation was fed in September by the rise in services prices, while the drop in energy costs, made it possible to contain it under the 2%, medium -term objective set by the European Central Bank (ECB). Preliminary inflation figures for the entire euro zone will be published on Wednesday, while those of Germany are scheduled for Tuesday at 12:00 p.m. GMT.
The prices of services in France, especially in health, Internet and other forms of communication, increased in September by 2.4% over a year and 2.1% at a monthly rate.
Energy prices, on the other hand, fell by 4.5% over a year, after a decline of 6.2% the previous month, said INSEE.
In the other sectors, tobacco prices increased by 4.1% over a year in September, against 4.0% in August, while food prices increased by 1.7% over one year, against an increase of 1.6% in August.
Over one month, IPCH inflation in France, however, contracted 1.1% after an increase of 0.5% in August and a decline of 0.9% expected by analysts interviewed by Reuters.
To French standards, the consumer price index increased in September in annual rate by 1.2%, after +0.9% in August and +1.3% expected by consensus.
Over one month, the decline emerged at 1.0% after +0.4% in August and a consensus at +0.9%.
“With 1% inflation, the real return becomes the referee again,” said Clark Hassan, founder of Goliaths.io, referring to a survey that 35% of French people want to switch to life insurance and 21% to the stock market to find better yields.
The Livret A remuneration rate, the calculation formula of which is based on the inflation rate, was lowered to 1.7% on August 1, after gradually climbing up to 3% last year.
Inflation table:
(Written by Claude Chendjou, edited by Augustin Turpin)
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