France Inflation February 2016


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%.

The government expects inflation to tally 1.0% in 2016 and 1.5% in 2017. FocusEconomics Consensus Forecast panelists expect HICP inflation to average 0.9% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017,panelists project that inflation will accelerate to 1.3%.

Author:, Economist

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France Inflation Chart

France Inflation February 2016 0

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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