Preliminary estimates indicate that French price pressures were steady in October, with both main inflation measures unchanged from September. The consumer price index rose 2.2 percent on the year, unchanged from September, and rose 0.1 percent on the month after falling 0.2 percent previously. The harmonised index of consumer prices advanced 2.5 percent on the year in October, also unchanged from September, and also increased 0.1 percent on the month after falling 0.2 percent previously.
Steady headline CPI inflation reflects offsetting moves among the key components. Food prices rose 2.2 percent on the year in October, down from 2.8 percent in September, with prices of fresh produce driving this decline. Prices of manufactured goods fell 0.4 percent after dropping 0.2 percent previously. The year-on-year increase in energy prices, however, picked up from 12.8 percent in September to 13.8 percent in October, with services inflation also picking up slightly from 1.1 percent to 1.2 percent.