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French annual harmonized inflation confirmed at 1.1% in September

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French annual harmonized inflation confirmed at 1.1% in September

French harmonized consumer prices slipped 0.2%, compared to a flash estimate of a 0.1% decline, while the annual inflation was confirmed at 1.1%, final data from the National Institute of Statistics and Economic Studies showed.

Harmonized consumer prices rose 0.6% in monthly terms in August, and 1.0% annually.

Nonharmonized consumer price inflation was 1.0% annually and prices reduced 0.2% month over month in September, compared to gains of 0.9% and 0.5%, respectively, in August.

The monthly drop in nonharmonized consumer price inflation mainly came from a seasonal downturn in services prices and, to a lesser extent, from a slight drop in food prices, the institute said. Energy prices slowed down a little, while manufactured product prices accelerated.

Meanwhile, the annual rise in the Consumer Prices Index resulted from an acceleration in energy prices and food prices and a lesser drop in manufactured product prices. Meanwhile, services prices slowed down too.