French Inflation Rate Stable at 0.7% in December

In December of 2013, French annual inflation rate remained steady at 0.7 percent, the same rate recorded in the previous month. On a monthly basis, prices rose for the first time in three months by 0.3 percent due to higher cost of transport, communication and fresh food.

Year-on-year, the largest upward pressures came mainly from seasonally price increases of some services (1.4 percent) and manufactured products and from a rebound in prices of petroleum products (-1.8 percent from -3.4 percent in November) and fresh foodstuffs (0.4 percent from -1.2 percent in the previous month).

Food prices slightly accelerated 0.4 percent (0.3 percent in November). Other major upward pressures on the overall index came from tobacco (unchanged at 3.5 percent) and energy (+0.8 percent).

On a monthly basis, prices rose 0.3 percent in December, after a stability in November. The main upward pressures came from cost of transport and communication services (2.3 percent), fresh food (1.5 percent) and petroleum products (1.3 percent). 

Core inflation rate, which excludes public sector prices, the most volatile consumer prices and the tax measures, slowed to an annual 0.6 percent in December from 0.8 percent in the previous month.

French Inflation Rate Stable at 0.7% in December

INSEE | Joana Taborda |
1/14/2014 8:40:05 AM