French February Inflation Rate Confirmed at 1.2%

The French consumer price inflation stood at 1.2 percent year-on-year in February 2018, unrevised from the preliminary estimate and compared to a five-year high of 1.3 percent in the previous month.

Prices rose at a softer pace for: food (0.8 percent vs 1.2 percent in January), of which fresh food (-1.3 percent vs 1.8 percent) and other food (1.2 percent vs 1.1 percent); services (1.1 percent vs 1.3 percent); and tobacco (4.9 percent vs 5.8 percent). On the other hand, upward pressure came from: energy (5.2 percent, the same as in January); and manufactured products (0.1 percent vs flat reading).

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures, eased to 0.8 percent in February from an over two-year high of 0.9 percent in January.

On a monthly basis, consumer prices were unchanged in February, after a 0.1 percent fall in January. Food prices edged down 0.1 percent, in the wake of fresh product prices. Those of manufactured products decreased again, but less markedly than in January (-0.3 percent vs -2.2 percent). Services prices slowed down for the second consecutive month (0.1 percent after 0.2 percent). Lastly, energy prices were stable, with the decrease in petroleum product prices being offset by a rise in gas and electricity prices.

The harmonised index of consumer prices rose by 1.3 percent from the previous year; and remain unchanged from the previous month.

French February Inflation Rate Confirmed at 1.2%

INSEE | Joana Ferreira |
3/15/2018 8:29:57 AM