Consumer prices rose 2.8% in November, after 2.6% in October, INSEE said on Wednesday, confirming its first estimate published at the end of November. The November inflation level 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 Statistical Institute already indicated on Tuesday, excluding additional help from the government.
In November, inflation was driven by the acceleration in energy prices (+ 21.6% over one year, after + 20.2% in October), and to a lesser extent by the rise in energy prices. manufactured products (+ 0.8% after + 0.3% in October), and those of 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 rose 0.4%, at the same pace as in October, driven by the prices of services and food, while energy prices slowed (+1.5 % after + 4.8% in October). The Harmonized Consumer Price Index (HICP), which serves as a basis for comparison at European level, rose 0.4% over one month and 3.4% over one year, after + 3.2% in October.