France: Inflation inches up in April
May 14, 2014
Consumer prices were flat over the previous month in April, which was below the 0.4% increase recorded in March. As the National Statistics Institute (INSEE) reported, April's result reflected that the increase in prices for transport and communication services was offset by a drop in the food, energy and medical product categories.
Annual inflation inched up from March's 0.6% to 0.7% in April. The core inflation index, which excludes more volatile items such as oil, fruit and vegetables, registered a 0.2% drop over the previous month, which contrasted the 0.1% rise tallied in March. Annual core inflation inched up from 0.4% in March to 0.5% in April.
Annual HICP inflation (based on the harmonized index of consumer prices) was stable at March's 0.8%. Annual average HICP inflation was stable at March's 0.9% in April for the second consecutive month.
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%.