French inflation up in September

22nd October 2004, Comments 0 comments

PARIS, Oct 22 (AFP) - French consumer price inflation rose by 0.1 percent in September from the August figure and by 2.1 percent on a 12-month comparison, the statistics institute Insee said Friday, revising downward provisional figures published last week.

PARIS, Oct 22 (AFP) - French consumer price inflation rose by 0.1 percent in September from the August figure and by 2.1 percent on a 12-month comparison, the statistics institute Insee said Friday, revising downward provisional figures published last week.

The final data represented a downward revision of 0.1 percentage points of provisional estimates that September inflation had risen by 0.2 percent on a monthly basis and 2.2 percent on a 12-month basis.

Economists polled by AFX News, the AFP financial news service, had been expecting an increase of 0.2 percent in the monthly rate, unchanged from the provisional figure.

Underlying core inflation, which excludes products with either regulated or highly volatile prices, fell 0.1 percent in September from a rise of 0.4 percent in August.

Food and tobacco prices alone were up 0.1 percent month-on-month while manufactured goods prices rose 0.7 percent in September, both figures unchanged from original estimates.

Services prices declined 0.4 percent month-on-month against a 0.2 percent provisional fall.

The harmonised index of consumer prices (HICP), calculated to allow comparison with other European Union members, rose by 0.1 percent on a monthly basis and by 2.2 percent on a 12-month comparison.

© AFP

Subject: French News

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