France Inflation Rate at Over 4 Year-High of 1.4%
Consumer prices in France are set to rise 1.4 percent year-on-year in January of 2017, following a 0.6 percent rise in December. It was the highest inflation rate since November 2012, driven by a surge in cost of energy and a faster increase in prices of
food and services while cost of manufactured products fell further.
Year-on-year, prices of food went up 1.3 percent in January (from 0.7 percent in the prior month). Among food, prices rose for fresh food (8.7 percent, after a 5.6 percent rise) and those of other food went up 0.1 percent (compared to a flat reading). Cost of energy jumped 10.0 percent (from 4.3 percent) while that of services rose1.1 percent (from 0.9 percent). In contrast, cost fell for manufactured products (-0.3 percent from -1.0 percent).
On a monthly basis, consumer prices are expected to fall 0.2 percent, after a 0.3 percent rise in the previous month while market estimated a 0.5 percent decline.
The harmonised index of consumer prices are set to increase by 1.6 percent from a year earlier in January, after growing by 0.8 percent in December. On a monthly basis, consumer prices declined by 0.2 percent, compared to a 0.3 percent rise in the preceding month.
1/31/2017 9:15:08 AM