The rise in consumer prices in France slowed in September, to 5.6% over one year, against 5.9% in August, according to provisional data published this Friday, September 30 by INSEE.
This decline in inflation is due to the “slowdown” the rise in energy and services prices, explains the National Institute of Statistics in a press release, while the increase in food prices is accelerating and that of manufactured products continues at a rate close to of the previous month.
The sequel after the ad
After August, this is the second slowdown in consumer price inflation in France year-on-year since July 2021, when inflation was limited to 1.2%.
Michel-Edouard Leclerc on inflation: “Yes, suppliers are abusing”
Over one month, consumer prices fell back by 0.5%, after +0.5% in August. “For the third month in a row” energy prices have fallen “in the wake of oil product prices”. The increase over one year is 17.8%, against +22.7% in August.
Food prices still on the rise
The seasonal fall in the prices of certain tourism-related services was “more pronounced” than last year, notes INSEE concerning their monthly evolution. Over one year, the rise in the prices of services slowed down, to +3.2% in September against +3.9% the previous month.
“Inflation affects organic much less than non-organic”
Over the same period, that of food prices rose 9.9% in September. The prices of fresh produce increased by 11% over the same period, against +3.5% in August. The rise in the prices of manufactured products continued moderately (+3.6% against +3.5% in August).
Finally, the harmonized consumer price inflation index (HICP), which serves as a basis for comparison at European level, increased by 6.2% over one year in September, against 6.6% in August. Over one month, the HICP fell by 0.5%, against +0.5% the previous month.