In line with forecasts, inflation continues to fall 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%), the continued slowdown in food prices (7.8% after 9 .7%) and manufactured products (2.2% after 2.8%),” specifies the experts.
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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 decreases to 4.2% in October 2023, after 4.6% in September.
More information to come...