French Inflation Touches The Lowest Since 2010
The annual inflation rate in French eased to 0.4 percent in August of 2014, down from 0.5 percent in the previous month and below market forecasts, mainly due to declining costs of food, energy and manufacture. The rate was the lowest since 2010.
9/11/2014 9:03:42 AM
Year-on-year upward inflation pressures were driven by prices of tobacco (+3.5 percent), transport and communication (+2.1 percent), other services (+2.2 percent), clothing and footwear (+1.6 percent), and actual rentals and services for dwellings (+1.4 percent).
Consumers paid less for fresh food (-8.9 percent), petroleum products (-3.3 percent), medical products (-2.9 percent) and food excluding fresh products (-0.4 percent).
On a monthly basis, the consumer prices index accelerated 0.4 percent in August of 2014, up from a 0.3 percent fall in July. The steepest price increase in the month came mainly from seasonal rises in some services related to tourism in the middle of the summer and from manufactured products at the end of the summer sales in metropolitan France.
In August of 2014, core inflation increased 0.4 percent year-on-year and 0.3 percent compared to the previous month.
The Harmonized Index of Consumer Prices stood at the same figure for year-on-year and month-on-month, namely at 0.5 percent respectively.