Paris: According to the National Institute of Statistics and Economic Studies (Insee), France's harmonised inflation rate experienced a significant decline in September. The rate dropped from 2.2 percent in August to 1.5 percent, underscoring a substantial decrease in consumer prices. This unexpected fall, which was below economists' forecasts, is likely to put pressure on the European Central Bank to consider measures that could boost the overall economy.
The Harmonized Index of Consumer Prices (HICP), adjusted for comparison with other eurozone countries, showed a marked decrease primarily due to a significant drop in energy prices, particularly for petroleum products. Additionally,seasonal factors like the decline in transport costs and the normalisation of certain tariffs following the Olympic and Paralympic Games contributed to the lower inflation rate.
The provisional estimate for France's Consumer Price Index (CPI) also reflected a similar trend, dropping from 1.8 percent in August to 1.2 percent in September. This overall decline in inflation rates is a positive development for the French economy.
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