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Financial News: French Inflation Eases Slightly In March

French Inflation Eases Slightly In March

03/31/2017 - 03:38:00 (RTTNews)

(RTTNews) - French inflation slowed marginally in March, preliminary data from the statistical office Insee showed Friday.

Consumer price inflation eased to 1.1 percent in March, while it was expected to remain unchanged at 1.2 percent.

At the same time, the harmonized index of consumer prices advanced 1.4 percent annually, the same pace of increase as seen in February and in line with expectations.

The slowdown resulted from a sharp deceleration in food and energy price inflation. Data showed that food inflation halved to 0.8 percent from 1.6 percent and energy prices climbed 9.9 percent after rising 11.4 percent.

Month-on-month, consumer prices climbed 0.6 percent in March, following a 0.1 percent rise in February. Prices were forecast to gain 0.7 percent.

The HICP monthly inflation accelerated to 0.7 percent, as expected, from 0.2 percent in February. Final data is due on April 13.

Another report from the Insee showed that producer prices dropped 0.2 percent in February from January, when prices climbed 1 percent, mainly due to the decrease in prices of mining and quarrying products, energy and water.

On a yearly basis, producer prices advanced 3.9 percent from prior year.

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