Consumer prices: Prices return to the upward path in November

Inflation increased in November for the first time since this spring. Consumer prices increased by 0.7% over one year, compared to 0.6% in October. Compared to the previous month, they fell by 0.1%.

The recent slowdown is attributed to a drop in prices in hotels (-3.8% over one month) and international package tours (-4.1%), the Federal Statistical Office (FSO) indicated on Tuesday. in a press release. The prices of fruits and vegetables, as well as those of new cars, have also fallen. Residential rents, on the other hand, increased (+0.5% and 3.4% over one year), as did air transport prices.

Ultimately, the Consumer Price Index (CPI) stood at 106.9 points. Domestic products supported the increase in prices, increasing by 1.7% (-0.1% over one month), while imported products cost significantly less (-2.3%) compared to November 2023 and by compared to last month (-0.4%).

These figures are in line with the expectations of economists surveyed by the AWP agency. The consensus expected an increase in prices of between +0.6% and +0.8% year-on-year in November, while the monthly variation was expected between -0.3 and 0.0%.

Core inflation, i.e. the long-term evolution of prices, increased by 0.9% over one year. In monthly comparison, it remained stable.

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