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

Tropical storm Hidaya weakens as it makes landfall in Tanzania
Feature: Chinese cars gain popularity in Botswana
Torrential rains lash multiple cities in China's Guangdong
First batch of export vehicles under China-Ecuador FTA to set sail
China-France forum underscores people-to-people, cultural exchanges
China's migrant workers earn higher incomes in 2023
Feature: French contributor to China's modern shipbuilding industry
HKSAR gov't underpins all-out efforts to cope with impacts of rainstorm
Russia puts Ukraine's Zelenskiy on wanted list
China's smartphone shipments reach 69.3 mln units in Q1

Others Also Read