In June, consumer prices were flat over the previous month, which was above the 0.1% drop recorded in May. The monthly reading reflected a decline in energy prices which completely offset higher manufacturing and food prices. Annual inflation inched down from 2.0% in May to 1.9% in June, 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, added 0.2% over the previous month, which followed a 0.1% increase in May. As a result, annual core inflation inched up from 1.4% in May to 1.5% in June. Finally, HICP inflation (based on the harmonized index of consumer prices) remained unchanged at May's 2.3%, the lowest level since July 2011. Annual average HICP remained unchanged at May's 2.5%.
Inflation eases to lowest level in over a year
July 12, 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.