France: Consumer prices in March remain steady in annual terms
April 4, 2016
According to a preliminary estimate released by the national statistical institute (INSEE), in March, consumer prices rose 0.7% over the previous month, coming in above the 0.2% increase tallied in February.
In annual terms, consumer prices fell 0.2% in March, which matched the reading tallied in February. Meanwhile, annual average inflation in March remained stable at February’s 0.1%.
Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) rose 0.7% over the previous month, (February: +0.3% mom). Harmonized consumer prices fell 0.1% annually in March, mirroring the print observed in February. Annual average HICP inflation remained stable in March at February’s 0.2%.