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Financial News: French Consumer Prices Remain Flat In December

French Consumer Prices Remain Flat In December

01/06/2021 - 03:11:00 (RTTNews)

(RTTNews) - French consumer prices remained unchanged at the end of the year as the increases in food and services prices were offset by falling energy and manufactured product prices, the provisional estimate from the statistical office Insee showed Wednesday.

Consumer prices remained stable on a yearly basis in December, after rising 0.2 percent in November. Final data is due on January 15.

Food price inflation slowed to 1.1 percent and the growth in services cost held steady at 0.7 percent. Meanwhile, energy prices decreased 7 percent and manufactured product prices slid 1 percent.

Month-on-month, consumer prices gained 0.2 percent, the same rate as seen in November.

The harmonized index of consumer prices remained unchanged annually, following a 0.2 percent rise in the previous month. Economists had forecast prices to climb 0.2 percent again in December. On month, the prices were up 0.2 percent, as seen in November and in line with economists' expectations.

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