France: Inflation moderates in May
May 31, 2017
According to preliminary figures released by the National Statistical Institute (INSEE) on 16 May, consumer prices rose 0.1% in May, matching April’s print. The reading reflects lower prices for energy products and tobacco, which almost offset higher prices for food products.
Inflation in May edged down from 1.2% in April to a five-month low of 0.8%. Meanwhile, annual average inflation edged up to 0.7% from April’s 0.6%.
Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) dropped from 0.1% in April to a flat reading in May. Harmonized inflation came in at 0.9% in May (April: +1.4% year-on-year). Meanwhile, annual average HICP inflation picked up from 0.8% in April to 0.9% in May.