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France: Inflation slows in September, to 5.6% over one year

2022-09-30T07:00:05.982Z

In August, inflation had reached 5.9% over one year in France. Inflation slowed in September, to 5.6% over one year, according to figures published this Friday by INSEE. Household consumption remained completely stable in August. In August, inflation had reached 5.9% over one year, again according to INSEE. "Taking into account the latest price readings at the end of the month has resulted in a less marked slowdown in energy prices and a more sustained accel



Inflation slowed in September, to 5.6% over one year, according to figures published this Friday by INSEE.

Household consumption remained completely stable in August.

In August, inflation had reached 5.9% over one year, again according to INSEE.

"Taking into account the latest price readings at the end of the month has resulted in a less marked slowdown in energy prices and a more sustained acceleration in food prices," explained the National Institute of Statistics.

Read also“It’s theft”: hidden inflation orchestrated by industrialists ulcerates customers

The evolution of the harmonized index, which serves as a basis for comparison at European level, had also been corrected by INSEE (+0.1 point compared to the first estimate, to reach 6.6% over one year in august).

In mid-September, the Minister of the Economy Bruno Le Maire had stressed that the gradual withdrawal of support schemes (fuel discount, increase in gas and electricity prices by 15% on January 1, 2023) would result in inflation “high” in “December, January, February 2023”.

"We do not expect any improvement on the inflation front before sometime in 2023," he said.

Source: leparis

All business articles on 2022-09-30

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