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France Nov Inflation Slows More Than Forecast

12/12/2012 3:14 AM ET

France's harmonized inflation eased more than expected in November on a renewed drop in petroleum product prices, the statistical office Insee said Wednesday.

Inflation fell to 1.6 percent from 2.1 percent in October. The inflation rate was forecast to ease to 1.8 percent.

On a monthly basis, the harmonized Index of consumer prices slipped 0.2 percent, while it was forecast to remain flat in November.

Inflation, based on the consumer price index, also slowed in November, to 1.4 percent from 1.9 percent last month. The index slipped 0.2 percent month-on-month, offsetting an increase of 0.2 percent a month ago.

Economists had forecast annual inflation to slow to 1.6 percent and the monthly rate to remain flat in November. Core inflation, at the same time, came in at 0.7 percent, down from 0.9 percent in October.

by RTT Staff Writer

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