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French consumer prices confirmed to have risen 1.2 pct in October -INSEE


Reuters

PARIS, Nov 15 (Reuters) - French consumer prices rose 1.2 percent in October on a year-on-year basis, according to data released on Wednesday by the INSEE national statistics office, giving a 12-month inflation rate in line with a previous flash estimate from the statistics body.

Consumer prices advanced by 0.1 percent in October on a month-on-month basis, again in line with INSEE's earlier flash estimate on the reading.

Last month, the European Central Bank (ECB) said it would extend its asset purchase programme until at least September 2018, albeit at a reduced pace, citing concerns that inflation in the euro zone bloc is yet to show signs of a sustained upward trend.

BACKGROUND

French EU-harmonised inflation fell to a historical low of -0.8 percent in July 2009 and hit an all-time high of 4.0 percent in July 2008, according to INSEE's records going back to 1991.

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This article appears in: Politics , Stocks , World Markets , Economy


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