French Consumer Prices at 6-Month High


French consumer prices rose 0.2 year-on-year in December of 2015, after remaining unchanged in the previous month. It is the highest figure since July, as an increase in cost of food and services offset a decline in manufactured products and energy.

Year-on-year, cost increased for: food (+0.6 percent), fresh food (+3.1 percent), food excluding fresh products (+0.2 percent), tobacco (+0.3 percent), other manufactured products (+0.5 percent), actual rentals and services for dwellings (+0.7 percent), medical services (+0.5 percent), transport and communication services (+0.2 percent) and other services (+1.6 percent). In contrast, prices declined for: petroleum products (-9.7 percent), medical products (-4.0 percent) and clothing and footwear (-0.3 percent). 

On a monthly basis, the consumer price  also rose 0.2 percent, following a 0.2 percent drop in November. Prices increased for: clothing and footwear (+0.8 percent), other manufactured products (+0.3 percent), actual rentals and services for dwellings (+0.1 percent), medical services (+0.4 percent), transport and communication services (+2.2 percent) and other services (+0.5 percent). In contrast, cost declined for: food (-0.3 percent) and fresh food (-2.3 percent). Prices remained unchanged for: tobacco and medical products.

In December, the core inflation indicator (ISJ) rose 0.1 percent month-0n-month, after remaining unchanged in November. Compared to the same month last year, it rose by 0.8 percent, following a 0.7 percent rise in the preceding month.

The Harmonized Index of Consumer Prices (HICP) rose 0.2 percent in December over a month, after a 0.2 percent fall in the previous month. Year-on-year, it rose 0.1 percent, following a 0.3 percent increase in November.

French Consumer Prices at 6-Month High


Insee l Rida Husna | rida@tradingeconomics.com
1/13/2016 8:23:06 AM