France CPI Confirmed at -0.2% YoY in February


France consumer prices fell 0.2 year-on-year in February of 2016, following a 0.2 percent rise in the preceding month and matching preliminary estimates. It is the first drop since March 2015, as a decline in cost of manufactured products and energy offset an increase in cost of food and services.

Year-on-year, cost fell for: medical products (-3.7 percent), petroleum products (-12.8 percent) and transport (-1.8 percent). In contrast, prices rose for: food (+0.2 percent), fresh food (+0.4 percent), other food (+0.2 percent), tobacco (+0.3 percent), clothing and footwear (+0.8 percent), other manufactured products (+0.4 percent), actual rentals and services for dwellings (+0.6  percent) and other services (+1.3 percent). Prices remained unchanged for communication.

On a monthly basis, consumer prices rose 0.3 percent, higher than a preliminary figures of a 0.2 percent rise. Prices rose for: clothing and footwear (+5.9 percent),  other manufactured products (+0.3 percent), actual rental and services for dwellings (+0.1 percent), medical services (+0.2 percent), transport (+0.5 percent) and other services (+0.2 percent). Prices remained unchanged for food, other food and tobaccco. In contrast, cost declined for: medial products (-0.2 percent), petroleum products (-1.4 percent) and communication (-0.1 percent).

In February, core inflation indicator (ISJ) remained unchanged month-on-month, following a 0.1 percent rise in the previous month. Compared to the same month last year, it rose by 0.7 percent, following a 0.9 percent rise in the preceding month.

The Harmonized Index of Consumer Prices (HICP) rose 0.3 percent in January over a month, after a 1.1 percent drop in the previous month. Year-on-year, it declined by 0.1 percent, after increasing 0.3 percent in the preceding month.

France CPI Confirmed at -0.2% YoY in February


Inseel Rida Husna | rida@tradingeconomics.com
3/15/2016 8:35:13 AM