France Inflation


Inflation inches up in April

Consumer prices were flat over the previous month in April, which was below the 0.4% increase recorded in March. As the National Statistics Institute (INSEE) reported, April's result reflected that the increase in prices for transport and communication services was offset by a drop in the food, energy and medical product categories.

Annual inflation inched up from March's 0.6% to 0.7% in April. The core inflation index, which excludes more volatile items such as oil, fruit and vegetables, registered a 0.2% drop over the previous month, which contrasted the 0.1% rise tallied in March. Annual core inflation inched up from 0.4% in March to 0.5% in April.

Annual HICP inflation (based on the harmonized index of consumer prices) was stable at March's 0.8%. Annual average HICP inflation was stable at March's 0.9% in April for the second consecutive month.

FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.2% in 2014, which is unchanged from last month's forecast. For 2015, panelists project that inflation will inch up to 1.3%.


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France Inflation Chart

France Inflation April 2014

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics and Economic Studies (INSEE).

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