France September Inflation Below Expectations

France's EU harmonized consumer prices increased at a slower rate than expected by economists in September, data released by statistical office Insee showed Thursday.

The harmonized index of consumer prices (HICP) increased 2.2 percent year-on-year in September, slower than the 2.4 percent gain economists had forecast.

On a monthly basis, the HICP decreased 0.3 percent in September, while economists expected it to remain unchanged.

At the same time, inflation as per the consumer price index eased to 1.9 percent in September from 2.1 percent in August, defying economists' forecast for an acceleration to 2.2 percent.

The consumer price index dropped 0.3 percent compared to August, when it grew 0.7 percent. Economists were looking for a more modest decline of 0.1 percent, data showed.

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