French Inflation Rate Picks Up in April


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).

French Inflation Rate Picks Up in April


INSEE | anna@tradingeconomics.com
5/13/2015 9:29:48 AM