France Inflation Rate Confirmed At 1.2% In April


Consumer prices in France rose 1.2 percent year-on-year in April of 2017, following a 1.1 percent gain in March and matching the preliminary figure. Prices went up further for food, energy and services while cost of manufactured products fell less than in the prior month.

Year-on-year, upward price pressure came from: food (0.7 percent from 0.8 percent in March), of which fresh food (3.5 percent) and other food (0.3 percent); tobacco (2.8 percent from 2.8 percent), as a result of a tax increase; energy (9.3 percent from 9.9 percent), of which petroleum products (15 percent); and services (1.0 percent from 1.1 percent), of which actual rentals and services for dwellings (0.6 percent), health (0.3 percent), transport (4.5 percent) and other services (1.2 percent). In contrast, downward price pressure was recorded for manufactured goods (-0.7 percent from -1 percent).

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures, rose to 0.5 percent from 0.4 percent in March.

On a monthly basis, consumer prices edged up 0.1 percent, after increasing 0.6 percent in the prior month and reaching the third straight month of rise. Prices increased for: tobacco (0.1 percent), manufactured products (0.1 percent) and services. In contrast, prices fell for: food (-0.1 percent) and energy (-0.3 percent).

The harmonised index of consumer prices rose 1.4 percent from the previous year and by 0.1 percent month-over-month.

Insee l Rida Husna | rida@tradingeconomics.com
5/16/2017 7:09:45 AM