FOREX TradingCharts.com

Financial News: France Inflation Slows On Energy Cost

France Inflation Slows On Energy Cost

04/30/2020 - 07:03:00 (RTTNews)

(RTTNews) - France's inflation slowed markedly in April reflecting a sharp fall in energy prices and slowdown in services cost growth, preliminary estimate from the statistical office Insee showed Thursday.

Another report showed that consumer spending declined at a record pace in March as households curbed their consumption amid coronavirus lockdown.

Consumer price inflation eased to 0.4 percent in April from 0.7 percent in the previous month.

Food price growth accelerated to 3.7 percent, while the fall in energy prices deepened to -8.5 percent. Services prices grew at a slower pace of 0.7 percent.

On a monthly basis, consumer prices edged up 0.1 percent in April, as seen in the prior month.

Inflation, based on the harmonized index of consumer prices, came in at 0.5 percent versus 0.8 percent in March. The rate was forecast to fall to 0.1 percent.

Month-on-month, the HICP was up 0.1 percent, the same rate as reported in March. The Insee said the covid-19 impacts the quality of the April data as collection on the field has been adjourned since March 16.

Another report showed that producer prices in the domestic market declined 1.7 percent on month in March, following a 0.9 percent decrease in February. Year-on-year, producer prices fell sharply by 2.7 percent after easing 1.2 percent.

In a separate communiqué, the statistical office said household consumption logged its biggest fall since the time series began in 1980.

Household spending plunged 17.9 percent on month in March, following a 0.5 percent decrease in February and a 1.2 percent fall in January. Economists had forecast only 5.5 percent fall for March.

Spending on transport equipment decreased sharply by 60.4 percent and that on energy dropped 11.4 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Unemployment Rises Moderately In April Amid Covid-19 Pandemic (10 min(s), 17 sec(s) ago)
(RTTNews) - The euro area unemployment rate increased only moderately in April despite containment ...Full Story»

U.S. Private Sector Employment Slumps Much Less Than Expected In May (42 min(s), 17 sec(s) ago)
(RTTNews) - After reporting a record drop in private sector employment in the previous month, payr ...Full Story»

Latvia Industrial Production Falls For Second Month (01 hr(s), 17 min(s), 17 sec(s) ago)
(RTTNews) - Latvia's industrial production declined for the second straight month in April, da ...Full Story»

South Africa Private Sector Contracts At Record Pace (01 hr(s), 18 min(s), 17 sec(s) ago)
(RTTNews) - South Africa's private sector contracted the most on record in May as lockdown mea ...Full Story»

Turkey Consumer Price Inflation Rises; Producer Price Inflation Slows (01 hr(s), 19 min(s), 17 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation increased in May, while producer price inflation ...Full Story»

Eurozone Producer Prices Continue To Fall (01 hr(s), 34 min(s), 17 sec(s) ago)
(RTTNews) - Eurozone producer prices continued to fall in April due to weak energy prices, data fr ...Full Story»

Eurozone PMI Signals Severe Contraction (02 hr(s), 03 min(s), 17 sec(s) ago)
(RTTNews) - The euro area private sector contracted sharply in May, but improved from April as loc ...Full Story»

Italy Jobless Rate Lowest Since 2007 (02 hr(s), 37 min(s), 17 sec(s) ago)
(RTTNews) - Italy's jobless rate decreased to the lowest level in more than twelve years in Ap ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Unemployment Rises Moderately In April Amid Covid-19 Pandemic

06/03/2020 - 08:56 AM (RTTNews)
(RTTNews) - The euro area unemployment rate increased only moderately in April despite containment ...Full Story>>

U.S. Private Sector Employment Slumps Much Less Than Expected In May

06/03/2020 - 08:24 AM (RTTNews)
(RTTNews) - After reporting a record drop in private sector employment in the previous month, payr ...Full Story>>

Latvia Industrial Production Falls For Second Month

06/03/2020 - 07:49 AM (RTTNews)
(RTTNews) - Latvia's industrial production declined for the second straight month in April, da ...Full Story>>

South Africa Private Sector Contracts At Record Pace

06/03/2020 - 07:48 AM (RTTNews)
(RTTNews) - South Africa's private sector contracted the most on record in May as lockdown mea ...Full Story>>

Turkey Consumer Price Inflation Rises; Producer Price Inflation Slows

06/03/2020 - 07:47 AM (RTTNews)
(RTTNews) - Turkey's consumer price inflation increased in May, while producer price inflation ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.