French preliminary inflation at 1.5% in October, in line with expectations
Oct 31 (Reuters) -French consumer prices rose in line with expectations in October, preliminary data from statistics agency INSEE showed on Thursday.
France's harmonized inflation rate FRCPIP=ECI, adjusted for comparison with other euro zone countries, increased to 1.5% year-on-year in October.
A poll of 19 economists surveyed by Reuters was expecting a rise of 1.5% on average.
In September, French inflation slowed more than expected to 1.4%.
This near-stability in inflation is due to a slowdown in service prices and a less marked year-on-year fall in energy prices than in September, INSEE said.
Prices for manufactured goods, food and tobacco are expected to evolve year-on-year at rates close to those of the previous month, it added.
Reporting by Michal Aleksandrowicz in Gdansk; editing by Milla Nissi
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