French inflation to remain stable at 0.1% yoy in September

The main culprit behind downward pressure on French inflation is the lower fuel prices as a result of persistently weak Brent prices in euro terms. 

"French HICP inflation is expected to remain unchanged at 0.1% yoy in September", frecasts Societe Generale. 

Regarding the other components, food is likely to make a positive contribution underpinning the headline. The core is also expected to tick up from 0.6% yoy in August to 0.7% yoy in September led by marginal gains in prices of both nonenergy industrial goods and services. 

"Looking ahead, French HICP inflation is expected to average 0.2% in 2015 and 1.1% in 2016, while the core metric should average 0.7% in 2015 and 1.1% in 2016", added Societe Generale.