Inflation reached 6.2% a year in November, the same figure as in October, INSEE said on Thursday, confirming its first estimate made late last month. This stabilization of inflation is explained, in particular, by a slowdown in the rise in energy prices (+18.4% annual in November, after +19.1% in October), “despite the reduction in discounts on fuels”, which were reduced in mid-November from 30 to 10 cents per liter, explains INSEE.
At the same time, the price of food products increased very moderately (+12.1% after +12% in October), details the National Institute of Statistics and Economic Studies. The prices of meat, dairy, beverages and bread rose faster than in October, while those of fish, vegetables and fresh fruit did so at a slower pace than the previous month.
+7% for vehicles
As for manufactured goods, the rise in prices accelerated slightly in November (+4.4% year-on-year after +4.2% in October). Vehicle prices (+7%) and large household appliances (+6.5%) contributed in particular. As for services, over a year, their prices “increased by 3% in November, after 3.1% in October,” indicates INSEE. This slight slowdown is explained, among other things, by a less sustained rise in transport prices than in October.
The harmonized consumer price index (IPCA), which serves as a basis for comparison between European countries, stands at 7.1% one year.
Source: BFM TV
