French monthly inflation dips 0.1% in September

12th October 2011, Comments 0 comments

French inflation slipped by 0.1 percent in September, official data showed on Wednesday, a month after prices shot up 0.5 percent.

The monthly fall largely reflected cheaper services while food costs rose slightly.

In September, France raised its inflation target for 2011 to 2.1 percent from 1.8 percent, largely on concerns higher energy costs would push up prices.

The Bank of France meanwhile said France's current account showed a deficit of 2.9 billion euros ($4 billion) in August, down from 3.8 billion euros in July due to a fall in the trade deficit for manufactured goods.

© 2011 AFP

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