Inflation confirmed at +4% in October, decline continues


By CP

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Over one year, underlying inflation decreased to +4.2% in October 2023, after +4.6% in September. _KUBE_ / stock.adobe.com

Over one year, consumer prices increased by 4.0% in October 2023, compared to +4.9% in September.

In accordance with forecasts, theinflation continues to decline in October. According to the final figures revealed this Wednesday by INSEE, over one year, consumer prices increase by 4.0% in October 2023, after +4.9% in September. “This drop in inflation results from the sharp slowdown over one year in energy prices (+5.2% after +11.9%), and the continued slowdown in food prices (+7.8%). after +9.7%) and manufactured products (+2.2% after +2.8%)», Specifies the experts.

Read alsoAnne de Guigné: “The fight against inflation, a fight that is politically unprofitable”

On the other hand, the prices of services are accelerating (+3.2% after +2.9%). Tobacco inflation is stable compared to the previous month (at +9.9%). Over one year, underlying inflation decreased to +4.2% in October 2023, after +4.6% in September.

More information to come…

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