France CPI Confirmed at 0.2% YoY in June


Consumer prices in France rose 0.2 percent year-on-year in June of 2016 after remaining unchanged in May and matching preliminary estimates. It was the highest inflation figure since January as an increase in cost of food and services offset a decline in cost of manufactured products and energy.

Year-on-year, cost went up for: food (+0.6 percent), fresh food (+3.5 percent), other food (+0.1 percent), clothing and footwear (+0.5 percent), actual rentals and services for dwellings (+1.0 percent), medical services (+0.2 percent), communication (+1.7 percent) and other services (+1.4 percent). In contrast, cost declined for: medical products (-2.9 percent), other manufactured products (-0.2 percent), petroleum products (-6.1 percent) and transport (-2.1 percent). Prices remained unchanged for tobacco.

On a monthly basis, consumer prices rose 0.1 percent, down from 0.4 percent in the preceding month and in line with estimates. Prices were up for: petroleum products (+4.0 percent), transport (+1.5 percent), communication (+0.2 percent) and other services (+0.3 percent). In contrast, prices declined for: food (-0.6 percent), fresh food (-4.0 percent), clothing and footwear (-1.7 percent) and medical products (-0.1 percent). Prices remained unchanged for:  other food, tobacco, other manufactured products, actual rental and services for dwellings and medical services.

In June, core inflation indicator (ISJ) rose 0.1 percent month-on-month, the same pace as in May. Compared to the same month a year earlier, it went up by 0.7 percent, unchanged from the preceding month.

The Harmonized Index of Consumer Prices (HICP) rose 0.1 percent in June over a month, after a 0.5 percent increase in the previous month. Year-on-year, it rose 0.3 percent, compared to a 0.1 percent rise in May.

France CPI Confirmed at 0.2% YoY in June


Insee l Rida Husna | rida@tradingeconomics.com
7/13/2016 8:33:30 AM