France: Annual consumer prices in February fall at sharpest rate in a year
February 29, 2016
According to a preliminary estimate released on 29 February by the national statistical institute (INSEE), in February, consumer prices rose 0.2% over the previous month, which contrasted January’s 1.0% decrease.
Annual consumer prices fell 0.2% in February, which marked the lowest reading in a year (January: +0.2% year-on-year). Meanwhile, annual average inflation in February remained stable at January’s 0.1%.
Harmonized consumer prices (based on the harmonized index of consumer prices (HICP) rose 0.3% over the previous month, which contrasted January’s 1.1% decrease. Harmonized annual consumer prices fell 0.1% in February (January: +0.3% yoy). Annual average HICP inflation remained stable in February at January’s 0.2%.
Author: Eric Denis , Economist