French Inflation Rate Confirmed at 1.6% in April



The consumer price inflation rate in France was confirmed at 1.6 percent year-on-year in April 2018, unchanged from the previous month's five-and-a-half-year high.

Services inflation was steady at 1.4 percent in April, while prices rose at a faster pace for: food (1.6 percent vs 1.5 percent), of which fresh food (3.9 percent vs 2.8 percent) and other food (1.2 percent, the same pace as in March); and energy (6.3 percent vs 5 percent). On the other hand, tobacco prices advanced at a slower 16.5 percent, compared with 16.6 percent in the previous month; and manufactured products prices fell by 0.3 percent, the same pace as in March.

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures, edged down to 0.8 percent in April from 0.9 percent in March.

On a monthly basis, consumer prices increased 0.2 percent in April, faster than a preliminary estimate of 0.1 percent and after a rise of 1 percent in the previous month. This deceleration resulted from a slowdown in manufactured product price inflation (0.1 percent vs 2.1 percent) after a rebound in March due to the end of winter sales. The prices of services (0.1 percent vs 0.4 percent) and food (0.1 percent vs 0.4 percent) also rose less than in March. On the other hand, energy prices rebounded sharply (0.9 percent after -0.7 percent) in the wake of petroleum product prices.

The harmonised index of consumer prices rose by 1.8 percent from the previous year; and by 0.2 percent month-over-month.


French Inflation Rate Confirmed at 1.6% in April


Insee | Rida | rida@tradingeconomics.com
5/15/2018 10:43:31 AM