France CPI Confirmed at 0.2% YoY in July


Consumer prices in France rose 0.2 percent year-on-year in July of 2016, the same pace as in June and matching preliminary estimates. 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 (+1.2 percent), fresh food (+8.5 percent), other food (+0.1 percent), tobacco (+0.1 percent), clothing and footwear (+0.7 percent), actual rentals and services for dwellings (+0.9 percent), medical services (+0.6 percent), communication (+1.9 percent) and other services (+1.0 percent). In contrast, cost declined for: medical products (-2.7 percent), other manufactured products (-0.2 percent), petroleum products (-6.6 percent) and transport (-2.1 percent). 

On a monthly basis, consumer prices fell 0.4 percent, after gaining 0.1 percent in the preceding month and in line with estimates. Prices were down for: clothing and footwear (-14.2 percent), medical products (-0.2 percent), other manufactured products (-1.0 percent), petroleum products (-2.4 percent) and communication (-0.1 percent). In contrast, prices increased for: food (+0.1 percent), fresh food (+0.6 percent), medical services (+0.2 percent) and other services (+0.9 percent). Prices remained unchanged for: other food, tobacco, and actual rental and services for dwellings and medical services.

In July, core inflation indicator (ISJ) fell 0.1 percent month-on-month, following a 0.1 percent increase in June. Compared to the same month a year earlier, it rose 0.5 percent, following a 0.7 percent rise in the preceding month.

The Harmonized Index of Consumer Prices (HICP) dropped by 0.1 percent in July over a month, after a 0.1 percent increase in the previous month. Year-on-year, it rose 0.4 percent, compared to a 0.3 percent rise in June.

France CPI Confirmed at 0.2% YoY in July


Insee l Rida Husna | rida@tradingeconomics.com
8/11/2016 8:15:58 AM