France Inflation


France: Inflation edges down in March

April 10, 2014

Consumer prices rose 0.4% over the previous month in March, which was below both the 0.6% increase recorded in February and the 0.6% increase the market had expected. As the National Statistics Institute (INSEE) reported, the rise in the index reflected that higher prices for manufacturing goods and for food more than offset a decline in prices for energy.

Annual inflation edged down from February's 0.9% to 0.6% in March. The core inflation index, which excludes more volatile items such as oil, fruit and vegetables, registered a 0.1% increase over the previous month, which was down from the 0.5% decrease tallied in February. Annual core inflation decreased from 0.7% in February to 0.4% in March.

Annual HICP inflation (based on the harmonized index of consumer prices) decreased from February's 1.1% to 0.8% in March. Meanwhile, annual average HICP inflation was stable at February's 0.9%.

FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.2% in 2014, which is unchanged from last month's forecast. For 2015, panelists project that inflation will inch up to 1.3%.


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France Inflation Chart

France Inflation March 2014

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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