France's consumer prices to increase 3.4 pct in November: INSEE

  • World
  • Friday, 01 Dec 2023

PARIS, Nov. 30 (Xinhua) -- France's year-on-year consumer price index (CPI) is expected to rise by 3.4 percent in November, the National Institute of Statistics and Economic Studies (INSEE) said on Thursday.

It is a decrease from 4 percent reported in October and 4.9 percent in September, INSEE said in its preliminary report.

This decrease in inflation is due to the "slowdown over a year" in the prices of services, energy, manufactured products and food.

According to INSEE, the rise in energy prices should slow down from 5.2 percent in October to 3.1 percent in November.

It said the indices of most food prices should be stable at 7.6 percent, but fresh food prices should rise by 6.6 percent year-on-year, compared to 1.1 percent in October.

Speaking to the France Inter radio service on Thursday, Minister of the Economy Bruno Le Maire said that it was a "real success" to put inflation under control after two years.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Kiribati’s government not responsible for viral post, sorry
Tinder expands ID checks amid rise in AI scams, dating crimes
iPhone SOS alert sends California rescuers on trek through knee-deep streams
Chinese capital closes highways after heavy snowfall
Belarus leader Lukashenko calls for armed street patrols, warns of 'extremist' crime
South Korea doctors' protest disrupts hospital services
Police fire tear gas at Indian farmers marching on capital
Google co-founder Larry Page bought an island in Puerto Rico. Here’s how rich you have to be to do that
‘Amazon package late?’ Man steals delivery truck and goes on joyride, US cops say
Sergey Brin sued over deadly crash of his Fiji-bound seaplane

Others Also Read