French Inflation Below Expectations in October
28 October 2016 - 6:30PM
Dow Jones News
By William Horobin
PARIS--French inflation rose less than expected in October as a
rebound in energy prices was offset by falls in food and services
prices and the continued decline in the price of manufactured
goods, statistics agency Insee said Friday.
The preliminary reading of inflation in the eurozone's second
largest economy showed the Consumer Price Index was unchanged on
the month while economists polled by The Wall Street Journal
expected a 0.2% rise. On year, France's CPI rose 0.4% while
economists expected 0.5%.
The preliminary figures indicate the European Central Bank's
quantitative easing program and record low rates did not push
inflation any further toward the bank's 2% target in October. The
measure of inflation closely watched by the ECB--the harmonized
measure of annual price change known as HICP--rose 0.5% in October,
the same as September, Insee said.
Write to William Horobin at william.horobin@wsj.com
(END) Dow Jones Newswires
October 28, 2016 03:15 ET (07:15 GMT)
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