French Inflation Rate Rises to 1.2% in April

The inflation rate in France is expected to accelerate to 1.2 percent year-on-year in April 2019 from a 17-month low of 1.1 percent in the previous month, a preliminary estimate showed, mainly driven by a further increase in services prices.

Services prices are expected to rise at a faster pace (0.8 percent vs 0.6 percent in March); while inflation is set to remain unchanged for tobacco (at 8.1 percent) and food (at 2.5 percent), of which fresh food (3.6 percent vs 4.2 percent) and other food products (2.3 percent vs 2.2 percent). Meanwhile, energy prices should increase 4.8 percent, slower than 5.1 percent in March, while manufactured products costs are seen falling again (-0.5 percent vs -0.6 percent).

On a monthly basis, consumer prices are set to advance 0.2 percent in April, easing from a 0.8 percent jump in March.

The harmonised index of consumer prices is expected to rise by 1.4 percent from the previous year (vs 1.3 percent in March) and by 0.3 percent month-over-month (vs 0.9 percent in March).

French Inflation Rate Rises to 1.2% in April

INSEE | Joana Ferreira |
4/30/2019 4:48:21 PM