consumption:-the-increase-in-prices-over-one-year-reached-2.8%-in-november

Consumption: The increase in prices over one year reached 2.8% in November

Consumer prices rose 2.8% in November, after rising 2.6% in October, INSEE said on Wednesday, confirming its first estimate published at the end of November. The level of inflation for November is important because it serves as the basis for calculating the revaluation of the minimum wage on January 1. The minimum wage should thus increase “of the order of 0.9%”, the Institute of Statistics has already indicated on Tuesday without an additional boost from the government .

In November, inflation was driven by the acceleration of energy prices ( + 21, 6% over one year, after + 20, 2% in October) and, to a lesser extent, by the rise in tariffs for manufactured products (+ 0.8%, after + 0.3% in October) and those for services (+ 1.9%, after + 1.8%), details INSEE. On the other hand, the prices of food products slowed (+ 0.5%, after + 0.7%), while those of tobacco stabilized.

Over one month, inflation increased by 0.4%, at the same rate as in October, driven by the prices of services and those of food , while energy prices slowed (+ 1.5%, after + 4.8% in October) . As for the harmonized consumer price index, which serves as a basis for comparison at European level, it rose 0.4% over one month and 3.4% over one year, after + 3.2% in October.