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Core Inflation

The core inflation index is a seasonally-adjusted index which allows us to observe deeper trends in the changes in prices. It presents the fundamental growth of production costs and the relationship between supply and demand. It does not include prices which are subject to government intervention (electricity, gas, tobacco etc.) and products whose price is highly volatile (petrol, seasonal produce, dairy products, meats, flowers and plants etc.) which experience high variability due to climatic factors or tensions on the global markets.


(Source: INSEE -

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On 3 April 2018, Natixis Asset Management became Ostrum Asset Management.