France Inflation April 2016

France

France: Consumer prices in April drop in annual terms

April 29, 2016

According to a preliminary estimate released by the national statistical institute (INSEE), consumer prices in April rose 0.1% over the previous month, coming in below the 0.7% increase tallied in March.

In annual terms, consumer prices fell 0.2% in April, which was less than the 0.1% drop tallied in March. Meanwhile, annual average inflation in April remained stable at March’s 0.1%.

Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) rose 0.1% over the previous month (March: +0.8% month-on-month). Harmonized consumer prices fell 0.1% annually in April, mirroring the print observed in March. Annual average HICP inflation inched down from 0.2% in March to 0.1% in April.

The government expects inflation to average 0.1% in 2016 and 1.0% in 2017. FocusEconomics Consensus Forecast panelists expect HICP inflation to average 0.3% 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: Jean-Philippe Pourcelot, Economist

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France Inflation April 2016

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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