Consumer prices in France fell by 0.1% in September
Consumer prices in France fell by 0.1% in September as monthly changes due to seasonal decline in prices of services, and are up 1.6% year on year, said INSEE Wednesday.
In August, prices rose 0.2%, says the Institute of Statistics.
The decline in September was mainly due to the seasonal decline in prices of services (-0.8%, as in September 2009), at the end of the summer, Insee said.
The energy prices are also rising, but offset the seasonal drop in prices for services. In September 2010, energy prices are rising (+0.5% +9.8% yoy). This increase reflects both the increase in electricity tariffs of August 15, 2010 (+1.5% in September +3.1% yoy) and higher oil prices (+0.2% +11.8% yoy), in the wake of recent increases Crude oil prices “details INSEE.
These declines linked to the end of summer vacation (such as prices of holiday homes) According to the Institute of Statistics.
The food prices have remained stable in September, the seasonal increase in fresh produce was offset by a decrease in other food products.