France Consumer Prices Fall for 4rd Straight Month

Consumer prices in France are set to decline 0.1 year-on-year in May of 2016, compared to a 0.2 percent drop in April. It is the fourth straight month of fall as cost of energy and manufactured products decreased further while prices of food rose at a faster pace and cost of services increased less than in the previous month.

Year-on-year, prices declined for: energy (-5.9 percent in May from -6.8 percent in April) and manufactured products (-0.6 percent from -0.6 percent). In contrast, prices rose for food (+0.9 percent from +0.4 percent). Among food, prices rose for fresh food (+5.9 percent from +1.4 percent) and other food products (+0.1 percent from +0.2 percent). Cost  of services also rose by 0.9 percent (from +1.0 percent).

On a month-on-month basis, consumer prices are expected to rise 0.4 percent, up from a 0.1 percent rise in a month earlier.

The harmonised index of consumer prices is set to remained unchanged from a year earlier in May, following a 0.1 percent decline in the previous three months. On a monthly basis, consumer prices  rose 0.3 percent, compared to 0.1 percent rise in the preceding month.

France Consumer Prices Fall for 4rd Straight Month

Insee l Rida Husna |
5/31/2016 8:26:42 AM