French inflation flat in November

10th December 2004, Comments 0 comments

PARIS, Dec 10 (AFP) - Consumer prices in France held steady in November from October, compared with a 0.3 percent rise a month earlier, preliminary data from the statistics office INSEE showed Friday.

PARIS, Dec 10 (AFP) - Consumer prices in France held steady in November from October, compared with a 0.3 percent rise a month earlier, preliminary data from the statistics office INSEE showed Friday.

On a 12-month basis, the French provisional consumer prices index (CPI) in November was up 2.0 percent, against a 2.1 percent rise in October.

"The stability of the November prices index is due to opposing but not large movements (in prices)," INSEE said.

Economists polled by AFX News, the AFP financial news service, had expected a 0.1 percent fall in November on a monthly basis and a rise of 1.9 percent year-on-year.

Underlying core inflation, which excludes products with either regulated or highly volatile prices, rose by 0.2 percent month-on-month in November after holding flat in October.

Food and tobacco increased 0.2 percent on the month and manufactured goods were flat, as was services CPI.

The harmonised index of consumer prices (HICP), calculated to allow comparison with other European Union members, was flat month-on-month and rose 2.2 percent over the year.

© AFP

Subject: French News

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