French inflation stands at 0.5%

The final figure for inflation in France showed it reached 0.5 per cent year on year in October.

According to Insee, the National Institute of Statistics and Economic Studies, the consumer prices index (CPI) was stable in October 2014, following a decline of 0.4 per cent during the previous month.

The organisation said: “The stability of the CPI in October masked divergent moves across the different items of consumption: food prices were again on the rise, due to unprocessed fresh foodstuffs while, seasonally, service prices were slightly up.”

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Insee added: “Conversely, the prices of manufactured products declined in October and those of energy, especially those of petroleum products, went on falling.”

Food prices rose during the month by 0.4 per cent, as in September this year, with the increase attributed to “a new large rise in the prices of fresh foodstuffs”.