FOREX TradingCharts.com

Financial News: France's Inflation Weakest Since 2016

France's Inflation Weakest Since 2016

06/30/2020 - 06:49:00 (RTTNews)

(RTTNews) - France's consumer price inflation slowed to its lowest since 2016 mainly reflecting falling energy prices, preliminary data from the statistical office Insee showed Tuesday. Another report from Insee showed that household spending bounced back sharply in May but remained below its February level.

Consumer price inflation slowed to 0.1 percent in June from 0.4 percent in May. This was the lowest rate since May 2016, when prices remained flat annually.

The drop in inflation resulted from a slowdown in service and food prices and an accentuated fall in the prices of manufactured products.

Energy prices dropped at a slower pace of 9.3 percent after easing 11 percent in May. Food price inflation slowed to 2.3 percent from 3.5 percent.

Cost of services advanced 0.9 percent, slower than May's 1.2 percent rise. Meanwhile, manufactured product prices were down 1.1 percent.

On a monthly basis, consumer prices edged down by 0.1 percent in contrast to an increase of 0.1 percent in May.

EU harmonized inflation, based on the harmonized index of consumer prices, also slowed to 0.1 percent in June from 0.4 percent in May. This was also weakest since May 2016.

Month-on-month, the HICP slid 0.1 percent versus a +0.2 percent rise in May. Final data is due on July 16.

In May, producer prices in the French market dropped 0.1 percent on month, taking the annual fall to 4.1 percent. In the overall market, producer prices were down 0.2 percent from April and 3.5 percent from the same period last year.

Elsewhere, data showed that household spending decreased 7.2 percent in May compared to February as energy consumption and engineered goods spending fell 14.3 percent and 14 percent, respectively.

Meanwhile, food consumption grew 4.1 percent from February.

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


U.S. Producer Prices Unexpectedly Drop 0.2% In June (29 min(s), 06 sec(s) ago)
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of June, according to ...Full Story»

EU's Michel Lays Out Long-term Budget & Recovery Plan (27 min(s), 06 sec(s) ago)
(RTTNews) - European Council President Charles Michel on Friday laid out a plan for long-term budg ...Full Story»

Bank Of Italy Sees Around 9.5% GDP Contraction This Year On Covid-19 (56 min(s), 06 sec(s) ago)
(RTTNews) - Italy's economy is set to contract by around 9.5 percent this year due to the impa ...Full Story»

U.S. Producer Prices Unexpectedly Dip 0.2% In June (58 min(s), 06 sec(s) ago)
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of June, according to ...Full Story»

China's Bank Lending Rises In June (27 min(s), 06 sec(s) ago)
(RTTNews) - China's bank lending increased in June as lower borrowing costs helped to lift dem ...Full Story»

Slovakia Industrial Production Decline Slows In May (13 min(s), 06 sec(s) ago)
(RTTNews) - Slovakia industrial production declined at a softer pace in May, data from the Statist ...Full Story»

Lithuania Producer Prices Fall For Fifth Month (11 min(s), 06 sec(s) ago)
(RTTNews) - Lithuania's producer prices declined for the fifth month in a row in June, though ...Full Story»

Romania Inflation Rises; Trade Deficit Narrows (09 min(s), 06 sec(s) ago)
(RTTNews) - Romania's consumer price inflation rose in June after easing in the previous month ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Unexpectedly Drop 0.2% In June

07/10/2020 - 13:15 PM (RTTNews)
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of June, according to ...Full Story>>

EU's Michel Lays Out Long-term Budget & Recovery Plan

07/10/2020 - 12:13 PM (RTTNews)
(RTTNews) - European Council President Charles Michel on Friday laid out a plan for long-term budg ...Full Story>>

Bank Of Italy Sees Around 9.5% GDP Contraction This Year On Covid-19

07/10/2020 - 11:42 AM (RTTNews)
(RTTNews) - Italy's economy is set to contract by around 9.5 percent this year due to the impa ...Full Story>>

U.S. Producer Prices Unexpectedly Dip 0.2% In June

07/10/2020 - 08:44 AM (RTTNews)
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of June, according to ...Full Story>>

China's Bank Lending Rises In June

07/10/2020 - 08:13 AM (RTTNews)
(RTTNews) - China's bank lending increased in June as lower borrowing costs helped to lift dem ...Full Story>>

Do not sell my personal information

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.