French Consumer Prices Drop for 1st Time Since March 2015

Consumer prices in France are set to decline 0.2 year-on-year in February of 2016, following a 0.2 percent rise in January. It is the first drop since March 2015, as cost of energy and manufactured products fell further while prices of food eased.

Year-on-year, prices rose for food (+0.1 percent in February from +0.4 percent in the preceding month). While cost of fresh food remained unchanged (from +1.8 percent), other food products rose 0.1 percent (from +0.2 percent). Cost also increased for: tobacco (+0.3 percent from +0.3 percent) and services (+0.8 percent from +1.1 percent). In contrast, cost declined for energy (-6.8 percent from -3.8 percent) and manufactured products (-0.2 percent from -0.1 percent).

On a month-on-month basis, consumer prices are expected to rise 0.2 percent, following a 1.0 percent rise in a month earlier.

The harmonised index of consumer prices is set to fall 0.1 percent year-on-year in February 2016, following a 0.3 percent growth in January. On a monthly basis, consumer prices  declined by 1.1 percent, the same pace as in the preceding month.

French Consumer Prices Drop for 1st Time Since March 2015

Insee l Rida Husna |
2/26/2016 9:18:16 AM