France Inflation April 2017

France

France: Inflation inches up in April

May 16, 2017

According to revised figures released by the National Statistical Institute (INSEE) on 16 May, consumer prices rose 0.1% in April, coming in below March’s 0.6% increase. The reading reflects higher prices for services and tobacco, which were partly offset by a sharp seasonal drop in energy products.

Inflation in April inched up from 1.1% in March to 1.2%. Meanwhile, annual average inflation edged up to 0.6% from March’s 0.5%.

Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) rose 0.1% in April, coming in below the 0.7% increase observed in the previous month. Harmonized inflation came in at 1.4% in April (March: +1.4% year-on-year). Meanwhile, annual average HICP inflation picked up from 0.7% in March to 0.8% in April.

FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.4% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, panelists project that inflation will remain steady at 1.4%.


Author: Jean-Philippe Pourcelot, Economist

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France Inflation April 2017

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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