FOREX TradingCharts.com

Financial News: French Inflation Stable At 2.2%, Producer Price Decline

French Inflation Stable At 2.2%, Producer Price Decline Intensifies

05/31/2024 - 08:32:00 (RTTNews)

(RTTNews) - France's consumer price inflation held steady in May after easing in the previous four months, a provisional estimate from the statistical office INSEE showed on Friday.

A separate official report showed that producer prices continued to decline in April.

The consumer price index climbed 2.2 percent year-over-year in May, the same rate of increase as in the previous month. Meanwhile, economists had forecast inflation to rise to 2.4 percent.

This stagnation in inflation was mainly due to a slight slowdown in the prices of services and tobacco, offset by a sharp acceleration in energy prices due to a base effect, the agency said.

The annual price growth in energy accelerated to 5.8 percent in May from 3.8 percent a month ago. Meanwhile, prices for manufactured products remained flat, and food inflation rose marginally to 1.3 percent from 1.2 percent.

On a monthly basis, consumer prices remained flat in May versus a 0.5 percent increase a month ago.

EU-harmonised inflation rose to 2.7 percent from 2.4 percent in the prior month. Monthly, the HICP moved up 0.2 percent versus a 0.6 percent gain in April. The expected annual increase was 2.5 percent.

In a separate report, the statistical office revealed that industrial producer prices in the home market fell 3.6 percent month-on-month in April, faster than the 1.0 percent decrease in the previous month.

The downward trend in April was attributed to a 12.6 percent plunge in prices for mining and quarrying products, energy, and water.

On an annual basis, the decline in producer prices softened to 6.8 percent from 8.3 percent in March.

Producer prices in the foreign market slid 1.0 percent annually in April. The total producer price index declined at a slower pace of 5.4 percent from last year, after a 6.6 percent fall a month ago.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


German Private Sector Expands Modestly In June (09 hr(s), 42 min(s), 17 sec(s) ago)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story»

U.S. Leading Economic Index Falls More Than Expected In May (10 hr(s), 22 min(s), 17 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Friday showed its reading on leading U.S. ...Full Story»

U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May (10 hr(s), 25 min(s), 17 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Friday showing existing home ...Full Story»

UK Private Sector Grows At Slowest Pace In 7 Months (11 hr(s), 32 min(s), 17 sec(s) ago)
(RTTNews) - The UK private sector growth weakened to a seven-month low in June as the slowdown in ...Full Story»

UK Public Debt Highest Since 1960s; Budget Deficit Remains Below Estimate (12 hr(s), 13 min(s), 17 sec(s) ago)
(RTTNews) - The UK public sector net debt rose to its highest level since early 1960s, while publi ...Full Story»

German Private Sector Expands Modestly In June (13 hr(s), 07 min(s), 17 sec(s) ago)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story»

German Residential Property Prices Fall For 6th Quarter (13 hr(s), 23 min(s), 17 sec(s) ago)
(RTTNews) - House prices in Germany declined for a sixth consecutive quarter in the first three mo ...Full Story»

Ireland Wholesale Price Inflation Eases To 0.9% (13 hr(s), 48 min(s), 17 sec(s) ago)
(RTTNews) - Ireland's wholesale price inflation moderated in May to the lowest level in seven ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

German Private Sector Expands Modestly In June

06/21/2024 - 11:27 AM (RTTNews)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story>>

U.S. Leading Economic Index Falls More Than Expected In May

06/21/2024 - 10:47 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Friday showed its reading on leading U.S. ...Full Story>>

U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May

06/21/2024 - 10:44 AM (RTTNews)
(RTTNews) - The National Association of Realtors released a report on Friday showing existing home ...Full Story>>

UK Private Sector Grows At Slowest Pace In 7 Months

06/21/2024 - 09:37 AM (RTTNews)
(RTTNews) - The UK private sector growth weakened to a seven-month low in June as the slowdown in ...Full Story>>

UK Public Debt Highest Since 1960s; Budget Deficit Remains Below Estimate

06/21/2024 - 08:56 AM (RTTNews)
(RTTNews) - The UK public sector net debt rose to its highest level since early 1960s, while publi ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.