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Financial News: France Inflation Accelerates Slightly In April

France Inflation Accelerates Slightly In April

04/28/2017 - 03:34:00 (RTTNews)

(RTTNews) - French inflation accelerated slightly, as expected, in April, the provisional estimate from the statistical office Insee showed Friday.

Consumer price inflation rose marginally to 1.2 percent in April from 1.1 percent in March. The annual rate came in line with expectations.

This slight increase in inflation came from a smaller drop in manufactured product prices, partly offset by a slight deceleration in the prices of energy, food and services, Insee said.

At the same time, the harmonized inflation held steady at 1.4 percent in April, in line with forecast.

Month-on-month, consumer prices edged up 0.1 percent versus a 0.6 percent rise in March. This sharp slowdown was driven by that of manufactured product prices, which was seasonal.

The harmonized index of consumer prices climbed only 0.1 percent after rising 0.7 percent in March.

Another report from the statistical office Insee showed that producer prices decreased 0.5 percent on a monthly basis in March versus a 0.3 percent fall in February.

On a yearly basis, producer prices advanced 2.9 percent.

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