France Inflation Rate Confirmed at 0.4% in September


Consumer prices in France rose 0.4 percent year-on-year in September of 2016, compared to the previous three months and matching preliminary estimates. It was the highest inflation rate since October 2014, as an increase in prices of food and services offset a drop in cost of energy and manufactured products

Year-on-year, cost increased for: food (+0.50 percent), fresh food (+3.50 percent),  tobacco (+0.1 percent), actual rentals and services for dwellings (+0.9 percent), medical services (+0.3 percent), communication (+3.3 percent) and other services (+1.0 percent). In contrast, cost was flat for clothing and footwear (0 percent) and declined for medical products (-2.7 percent), other manufactured products (-0.3 percent), petroleum products (-1.4 percent) and transport (-0.6 percent).

On a monthly basis, consumer prices fell 0.2 percent, afte gaining 0.3 percent in the preceding month and in line with estimates. Prices were lower for: food (-0.5 percent), fresh food (-2.5 percent), other food (-0.2 percent), transport (-6.7 percent), and other services (-1.3 percent). In contrast, cost rose for clothing footwear (+7.9 percent), other manufactured products (+0.2 percent), petroleum products (+1.4 percent), and communication (+0.8 percent). Prices remained unchanged for tobacco, medical products, and actual rental and services for dwellings.

In  September, core inflation indicator (ISJ)  rose 0.20 percent on the month, following a flat reading in August. Compared to the same month a year earlier, it rose 0.7 percent, following a 0.4 percent rise in the preceding month.

The Harmonized Index of Consumer Prices (HICP) fell  0.2  percent month-on-month, after a 0.3 percent rise in the previous month. Year-on-year, it rose 0.5 percent, compared to 0.4 percent in the prior month.

France Inflation Rate Confirmed at 0.4% in September


Insee l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/12/2016 9:42:34 AM