France: Inflation moderates in March
March 31, 2017
According to preliminary figures released by the National Statistical Institute (INSEE) on 31 March, consumer prices rose from 0.1% in February to an over one-year high of 0.7% in March. The reading reflects higher prices for tobacco and a seasonal increase in the prices of manufactured goods.
Inflation edged down from February’s 1.2% to 1.1% in March. The slowdown reflects a decline in prices for services, energy and food products. Meanwhile, annual average inflation inched up to 0.5% from February’s 0.4%.
Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) rose 0.7% in March, coming in above the 0.2% increase observed in the previous month. Harmonized inflation came in at 1.4% in March (February: +1.4% year-on-year). Meanwhile, annual average HICP inflation picked up from 0.5% in February to 0.7% in March.