In July, consumer prices fell 0.4% over the previous month, which was below the flat reading recorded in June. The monthly reading reflected a decline in prices for clothing and footwear as well as for manufactured goods, which completely offset higher services and transport prices. Annual inflation remained unchanged at June's 1.9%, which marks the lowest level since February 2011 and was in line with market expectations. The core inflation index, which excludes more volatile categories such as oil, fruit and vegetables, fell 0.2% over the previous month, which contrasted the 0.2% increase in June. Annual core inflation remained unchanged at June's 1.5%. Finally, HICP inflation (based on the harmonized index of consumer prices) inched down from 2.3% in June to 2.2%, the lowest level since July 2011. Annual average HICP remained unchanged at June's 2.5%.
Inflation remains steady
August 14, 2012
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France Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics and Economic Studies (INSEE).
France Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) dropped from a revised 52.7 (previously reported: 53.3) in September to 52.2 in October.
October 3, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices in September dropped 0.2% over the previous month, contrasting August’s 0.3% increase.
September 28, 2016
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained stable in September at August’s 97 points.
September 23, 2016
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit, rose in September.
September 23, 2016
The French economy contracted in the second quarter.