Inflation picks up slightly in November, according to INSEE

Inflation picks up slightly in November, according to INSEE

Consumer prices rose 0.2%

Consumer prices rose slightly year on year in November, to 0.2%, after remaining stable the previous two months, INSEE reported on Tuesday, confirming its initial provisional estimate.

Over one month, prices also rose by 0.2%, after having also been stable in October, adds the National Institute of Statistics.

This “slight rebound in inflation (over one year) results from an acceleration in the prices of services and those of food”, explains INSEE.

The former rose by 0.7%, after 0.4% in October, and the latter by 2%, after 1.5% in October.

On the other hand, energy prices continued to fall at the same pace as in October at -7.8%, while the prices of manufactured goods fell further (-0.3%, after -0.1% in october).

Finally, the harmonized consumer price index (HICP), which serves as a basis for comparison at European level, also rose by 0.2% in November over one year, as over one month.