FOREX TradingCharts.com

Financial News: French Inflation At 14-Month High

French Inflation At 14-Month High

04/30/2021 - 08:50:00 (RTTNews)

(RTTNews) - France's inflation rose to a 14-month high in April on higher energy and services prices, preliminary data from the statistical office Insee showed on Friday.

In a separate communiqué, the statistical office showed that household consumption declined sharply in March due to the significant fall in manufactured goods purchases.

Consumer price inflation rose to 1.3 percent in April, as expected, from 1.1 percent in March. This was the highest since February 2020, when the rate was 1.4 percent.

The increase resulted from the acceleration of the service prices and those of energy. Services cost gained 1.3 percent and energy prices grew 8.8 percent. Meanwhile, food prices were down 0.3 percent.

Month-on-month, consumer prices climbed 0.2 percent but weaker than the March's 0.6 percent increase. Monthly inflation also matched economists' expectations.

On a yearly basis, inflation based on the harmonized index of consumer prices advanced to 1.7 percent from 1.4 percent in March. The rate was forecast to climb to 1.6 percent.

The HICP grew 0.3 percent on month versus the 0.7 percent rise in the previous month. The expected rate was 0.1 percent. Final data is due on May 12.

Another report from the Insee showed that the producer prices for the home market sped up sharply to 4.5 percent annually in March from 1.9 percent in February.

On a monthly basis, producer prices increased 1.0 percent versus a 0.9 percent rise in the previous month.

Household spending decreased unexpectedly by 1.1 percent on month in March, in contrast to a 0.3 percent rise in February and economists' forecast of +0.4 percent.

The decline was largely driven by a 3.7 percent fall in manufactured goods purchases. Meanwhile, energy spending grew 1.3 percent and food consumption rose 0.8 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Singapore Non-Oil Domestic Exports Tumble 8.8% On Month In April (02 min(s), 33 sec(s) ago)
(RTTNews) - The total value of non-oil domestic exports in Singapore was down 8.8 percent on month ...Full Story»

Japan Producer Prices Rise 0.7% On Month In April (48 min(s), 33 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 0.7 percent on month in April, the Bank of Japan said ...Full Story»

New Zealand Service Sector Accelerates In April - BusinessNZ (02 hr(s), 01 min(s), 33 sec(s) ago)
(RTTNews) - The services sector in New Zealand continued to expand in April, and at a faster pace, ...Full Story»

China Data On Tap For Monday (02 hr(s), 42 min(s), 33 sec(s) ago)
(RTTNews) - China is scheduled to release a raft of data on Monday, headlining a busy day for Asia ...Full Story»

ECB Minutes Signal June Review Of Economic Outlook, Stimulus (08 hr(s), 45 min(s), 33 sec(s) ago)
(RTTNews) - Policymakers are looking forward to review the Eurozone economic and inflation outlook ...Full Story»

U.S. Consumer Sentiment Unexpectedly Deteriorates In May (09 hr(s), 25 min(s), 33 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly decreased in the month of May, accordi ...Full Story»

U.S. Business Inventories Increase In Line With Estimates In March (09 hr(s), 33 min(s), 33 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Friday showing business inventories in th ...Full Story»

U.S. Industrial Production Climbs Less Than Expected In April (09 hr(s), 55 min(s), 33 sec(s) ago)
(RTTNews) - Industrial production in the U.S. increased by less than expected in the month of Apri ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Singapore Non-Oil Domestic Exports Tumble 8.8% On Month In April

05/16/2021 - 20:41 PM (RTTNews)
(RTTNews) - The total value of non-oil domestic exports in Singapore was down 8.8 percent on month ...Full Story>>

Japan Producer Prices Rise 0.7% On Month In April

05/16/2021 - 19:55 PM (RTTNews)
(RTTNews) - Producer prices in Japan were up 0.7 percent on month in April, the Bank of Japan said ...Full Story>>

New Zealand Service Sector Accelerates In April - BusinessNZ

05/16/2021 - 18:42 PM (RTTNews)
(RTTNews) - The services sector in New Zealand continued to expand in April, and at a faster pace, ...Full Story>>

China Data On Tap For Monday

05/16/2021 - 18:01 PM (RTTNews)
(RTTNews) - China is scheduled to release a raft of data on Monday, headlining a busy day for Asia ...Full Story>>

ECB Minutes Signal June Review Of Economic Outlook, Stimulus

05/14/2021 - 11:58 AM (RTTNews)
(RTTNews) - Policymakers are looking forward to review the Eurozone economic and inflation outlook ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.