FRANCE DATA: Flash Inflation (Oct.......>

FRANCE DATA: FRANCE DATA: Flash Inflation (Oct 2019)

------------------------------------------------------------------------------- 

- HICP: -0.1% m/m, 0.9% y/y; Previous (Sep): -0.4% m/m, 1.1% y/y 

- CPI: -0.1% m/m, 0.7% y/y; Previous (Sep): -0.3% m/m, 0.9% y/y 

- Consumer price inflation slowed by 0.2pp in Oct in contrast to markets looking

for a steady reading for the annual HICP. 

- Oct's decline was driven by a sharp fall in energy prices (-1.6% after 0.2%)

followed by a decrease in prices for manufactured products (-0.5% after -0.7%). 

- Prices for manufactured goods revealed negative rates for 20 months in a row 

- Price growth for food products (1.8% after 2.1%) slowed in Oct. 

- Meanwhile, prices for services (1.2%) remained unchanged at Sep's level. 

- Tobacco inflation accelerated to 8.8% in Oct after it registered at 8.7% in

Sep.