Inflation confirmed at 1.2% in October

Inflation confirmed at 1.2% in October
Inflation confirmed at 1.2% in October

This Friday, INSEE confirmed its estimate of inflation for October, at 1.2%. An almost stable level compared to September.

Consumer prices in increased by 1.2% in October over one year, “quasi-stability” after the increase of 1.1% in September, under the effect of the slowdown in service prices, indicated this Friday INSEE, confirming a first estimate.

Over one year, this slowdown in service prices (+2.3% after +2.4%) made it possible to partially offset a “less sustained” decline than in September in energy prices (-2.0% after -3.3%), specified the National Institute of Statistics and Economic Studies.

Do chicken, minced steak, sunflower oil and baguette cost more than before the war in Ukraine?

Food prices rise by 0.6%

Food prices increased by 0.6% over one year (after +0.5%), those of tobacco increased by 8.7% (also after +8.7%) while those of manufactured products increased. decreased by 0.2% (after -0.3%).

Over one month, the consumer price index increased by 0.3% whereas it had fallen by 1.2% in September, due in particular to the increase in transport prices, in particular air transport ( +14.9% after -24.8%).

The harmonized consumer price index (HICP), which allows comparisons between European countries, increased by 1.6% year-on-year in October, after + 1.4% in September.

Swiss

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