France Inflation Rate Confirmed At 1.2% In February


Consumer prices in France rose 1.2 percent year-on-year in February of 2017, compared to a 1.3 percent increase in January and matching a preliminary figure. While cost of food, energy and services went up, cost of manufactured products fell.

Year-on-year, upward prices pressure came from: food (1.3 percent), fresh food (11.0 percent), other food (0.1 percent), tobacco (1.0 percent), petroleum products (21.8 percent), actual rentals and services for dwellings (0.4 percent), health (0.3 percent), transport (1.9 percent) and other services (1.4 percent). In contrast, downward prices pressure was recorded for: clothing and footwear (-3.0 percent), medical products (-2.4 percent), other manufactured products (-0.9 percent) and communication (-0.3 percent). 

On a monthly basis, consumer prices rose 0.1 percent, after falling 0.2 percent in the prior month and in line with expectations. Prices went up for: food (0.3 percent), fresh food (1.8 percent), other manufactured products (0.1 percent), tobacco (0.9 percent), petroleum products (0.2 percent), healthcare (0.2 percent), actual rental and services for dwellings (0.1 percent), health services (0.2 percent), transport (1.2 percent), communication (0.7 percent) and other services (0.3 percent). In contrast, cost fell for: clothing and footwear (-2.2 percent), other manufactured products (-0.4 percent) and medical products (-0.2 percent). Cost was flat for other food.

In February, core inflation indicator (ISJ) fell 0.4 percent on the month, following a 0.4 percent rise in January. Compared to the same month a year earlier, it rose 0.2 percent, following a 0.7 percent rise in the preceding month. 

The Harmonized Index of Consumer Prices (HICP) went up 0.2 percent on the month, following a 0.3 percent drop in a month earlier while market expected a 0.1 percent rise Year-on-year, it rose 1.4 percent, compared to a 1.6 percent rise in January.

France Inflation Rate Confirmed At 1.2% In February


Insee l Rida Husna | rida@tradingeconomics.com
3/15/2017 8:24:41 AM