FOREX TradingCharts.com

Financial News: French Inflation Slows In February

French Inflation Slows In February

02/26/2021 - 04:52:00 (RTTNews)

(RTTNews) - French consumer price inflation slowed in February reflecting the downturn in manufactured goods prices and the slowdown in services prices, the provisional estimate from the statistical office Insee showed on Friday.

In a separate communiqué, the statistical office said household spending decreased sharply in January due to a notable fall in the consumption of manufactured goods. Consumer prices gained 0.4 percent year-on-year in February, slower than the 0.6 percent rise in January. In the same period last year, inflation was 1.4 percent. Economists had forecast an annual rate of 0.3 percent.

Food prices and services cost grew at slower rates of 0.8 percent and 0.7 percent, respectively. At the same time, manufactured product prices were down 0.5 percent.

Month-on-month, consumer prices dropped 0.1 percent after a 0.2 percent rise in January. The decrease in manufactured goods prices accentuated due to the two-week extension of the winter sales, Insee said.

Year-on-year, the harmonized index of consumer prices advanced 0.7 percent after a 0.8 percent rise in January. The index was forecast to rise 0.5 percent.

Month-on-month, the HICP remained stable after +0.3 percent gain in the previous month.

Another report from Insee showed that producer prices in domestic market advanced 0.4 percent on year in January, breaking the drops observed from February to December 2020. Prices had decreased 1 percent in December. Month-on-month, producer prices climbed 1.2 percent after a 1.1 percent rise a month ago. Household spending was down 4.6 percent, in contrast to the 22.4 percent rebound in December. Spending was forecast to drop 3.5 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


Eurozone Consumer Confidence Improves For Third Month (01 hr(s), 04 min(s), 46 sec(s) ago)
(RTTNews) - Eurozone consumer confidence strengthened for a third straight month in April to its h ...Full Story»

U.S. Leading Economic Index Jumps Much More Than Expected In March (01 hr(s), 51 min(s), 46 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed its index of leading U.S. ...Full Story»

U.S. Existing Home Sales Show Another Steep Drop In March (01 hr(s), 58 min(s), 46 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Thursday showing another ste ...Full Story»

U.S. Jobless Claims Unexpectedly Drop To New One-Year Low (03 hr(s), 10 min(s), 46 sec(s) ago)
(RTTNews) - After reporting a sharp pullback in first-time claims for U.S. unemployment benefits i ...Full Story»

ECB Reconfirms 'Very Accommodative' Policy Stance (03 hr(s), 16 min(s), 46 sec(s) ago)
(RTTNews) - The European Central Bank left its interest rates and asset purchases unchanged on Thu ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Drop To 547,000 (03 hr(s), 51 min(s), 46 sec(s) ago)
(RTTNews) - After reporting a sharp pullback in first-time claims for U.S. unemployment benefits i ...Full Story»

Ireland Wholesale Prices Fall Further (05 hr(s), 41 min(s), 46 sec(s) ago)
(RTTNews) - Ireland's wholesale prices decreased further in March, data from the Central Stati ...Full Story»

Hong Kong Jobless Rate Decreases In March (05 hr(s), 47 min(s), 46 sec(s) ago)
(RTTNews) - Hong Kong's unemployment rate decreased in March, the labor force statistics from ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Consumer Confidence Improves For Third Month

04/22/2021 - 11:24 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence strengthened for a third straight month in April to its h ...Full Story>>

U.S. Leading Economic Index Jumps Much More Than Expected In March

04/22/2021 - 10:37 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Thursday showed its index of leading U.S. ...Full Story>>

U.S. Existing Home Sales Show Another Steep Drop In March

04/22/2021 - 10:30 AM (RTTNews)
(RTTNews) - The National Association of Realtors released a report on Thursday showing another ste ...Full Story>>

U.S. Jobless Claims Unexpectedly Drop To New One-Year Low

04/22/2021 - 09:18 AM (RTTNews)
(RTTNews) - After reporting a sharp pullback in first-time claims for U.S. unemployment benefits i ...Full Story>>

ECB Reconfirms 'Very Accommodative' Policy Stance

04/22/2021 - 09:12 AM (RTTNews)
(RTTNews) - The European Central Bank left its interest rates and asset purchases unchanged on Thu ...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.