France CPI Confirmed at 0.2% YoY in August


Consumer prices in France rose 0.2 percent year-on-year in August of 2016, the same pace as in the previous two months and matching preliminary estimates. While prices went up for food and services, cost of manufactured products and energy declined.

Year-on-year, cost increased for: food (+1.5 percent), fresh food (+10.8 percent), other food (+0.1 percent), tobacco (+0.1 percent), actual rentals and services for dwellings (+0.9 percent), medical services (+0.3 percent), communication (+2.5 percent) and other services (+1.0 percent). In contrast, cost declined for: clothing and footwear (-0.3 percent), medical products (-2.7 percent), other manufactured products (-0.1 percent), petroleum products (-5.0 percent) and transport (-2.5 percent). 

On a monthly basis, consumer prices rose 0.3 percent, after falling 0.4 percent in the preceding month and in line with estimates. Prices were higher for: food (+0.2 percent), fresh food (+0.5 percent), other food (+0.1 percent), clothing and footwear (+8.7 percent), other manufactured products (+0.4 percent), and other services (+0.4 percent). In contrast, prices fell for: medical products (-0.2 percent), petroleum products (-3.2 percent), medical services (-0.7 percent) and transport (-0.9 percent). Prices remained unchanged for:  tobacco, actual rental and services for dwellings and communication.

In August, core inflation indicator (ISJ) remained unchanged on the month, following a 0.1 percent fall in July. Compared to the same month a year earlier, it rose 0.4 percent, following a 0.5 percent rise in the preceding month.

The Harmonized Index of Consumer Prices (HICP) rose  0.3 percent month-on-month in August, after a 0.1 percent drop in the previous month. Year-on-year, it rose 0.4 percent, the same pace as in July.

France CPI Confirmed at 0.2% YoY in August


Insee l Rida Husna | rida@tradingeconomics.com
9/14/2016 7:29:53 AM