France CPI Confirmed at -0.2% YoY in April


France consumer prices fell 0.2 year-on-year in April of 2016, following a 0.1 percent drop in March and matching preliminary estimates. It is the 3rd straight month of decline as a drop in cost of manufactured products and energy offset an increase in cost of food and services.

Year-on-year, cost declined for: medical products (-3.6 percent), petroleum products (-12.1 percent) and transport (-3.1 percent). In contrast, prices rose for: food (+0.4 percent),  fresh food ( +1.5 percent) and other food (+0.2 percent), actual rentals and services for dwellings (+0.4  percent), communication (+2.1 percent) and other services (+1.5 percent). Prices remained unchanged for tobacco, clothing and footwear and other manufactured products.

On a monthly basis, consumer prices rose 0.1 percent, easing from 0.7 percent in the preceding month and in line with expectations. Prices were up for: clothing and footwear (+0.4 percent), other manufactured products (+0.4 percent), petroleum products (+1.5 percent), medical services (+0.1 percent), transport (+1.2 percent), communication (+1.2 percent) and other services (+0.1 percent). In contrast, cost fell for: fresh food (-0.1 percent), medical products (-0.5 percent) and other manufactured products (-0.3 percent). Prices remained unchanged for: food, other food,  tobacco and actual rentals and services for dwellings. 

In April, core inflation indicator (ISJ) rose 0.1 percent month-on-month, the same pace as in March. Compared to the same month a year earlier, it went up by 0.6 percent after declining 0.1 percent in the preceding month

The Harmonized Index of Consumer Prices (HICP) rose 0.1 percent in April over a month, after a 0.8 percent increase in the previous month. Year-on-year, it declined by 0.1 percent, the same pace as in March.

France CPI Confirmed at -0.2% YoY in April


Insee l Rida Husna | rida@tradingeconomics.com
5/12/2016 8:07:44 AM