France Inflation Rate at 6-Month High in June
Consumer prices in France are set to rise 0.2 year-on-year in June of 2016, compared to a flat reading in May. It was the highest inflation figure since January as cost of food and services rose while cost of energy and manufactured products declined at a slower pace.
Year-on-year, prices of food went up 0.6 percent in June (from +1.0 percent in May). Among food, prices rose for fresh food (+3.2 percent from +5.8 percent) and other food products (+0.2 percent from +0.2 percent). Cost also increased for services (+1.0 percent from +1.0 percent). In contrast, cost declined for energy (-3.1 percent from -5.7 percent) and manufactured products (-0.4 percent from -0.6 percent).
On a monthly basis, consumer prices are expected to rise 0.1 percent, following a 0.4 percent rise in April.
The harmonised index of consumer prices is set to increase by 0.3 percent from a year earlier in June, following a 0.1 percent rise in the previous three months. On a monthly basis, consumer prices rose 0.2 percent, compared to 0.5 percent increase in the preceding month.
6/30/2016 9:25:36 AM