French annual inflation rate was reported at 0.1 percent in April after declining in the previous three months as increase in the cost of services and food offset a decline in prices of energy and manufactured goods.
Year-on-year energy prices decreased by 3.4%. While cost of petroleum product and gas declined by 8.2% and 1.4% respectively, electricity prices grew 4.3%. Cost of services increased 1.2% year-on-year. Cost of airfares declined 1.7% while rentals for vacation and accommodation grew by 1.2% and 1.6% respectively. Food prices rose 0.3% as cost of fresh food surged 6.2%. Cost of manufactured goods remained on a downward trend (-0.9%). Price decreases were reported for: clothing and footwear (-0.5%); audio-visual, photographic and information processing equipment (-5.1%); bedding (-0.1%) and health products (-2.9% after -3.2% in March). Cost of cars remained stable while increases were reported for: jewellery, clocks and watches (+1.1%), furniture for bedroom (+1.4% year-on-year), plants and flowers (+5.5% year-on-year) as well as periodicals (+3.6% year-on-year).
Month-on-month, consumer prices rose only 0.1% after +0.7% in March. The core inflation indicator (ISJ) grew by 0.1%, as in March. Year-on-year, it increased by 0.4% (after +0.2% in March). The harmonized Index of Consumer Prices (HICP) was up 0.1% in April over a month and year-on-year (after 0.0% year-on-year in March).
5/13/2015 9:29:48 AM