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- France's consumer price index rose in line with forecasts in January
France's consumer price index rose in line with forecasts in January
According to the report from the INSEE, in January 2021, the Consumer Price Index (CPI) rose by 0.2% over one month, as in December 2020. The food prices rebounded (+0.4% after –0.4%) and those of tobacco rose by 0.3% after being stable in the previous month. The service prices slowed down (+0.1% after +0.5%). The prices of energy increased at the same rate as in the last month (+1.7%) and those of manufactured goods decreased as in December (–0.4%).
Seasonally adjusted, consumer prices rose by 0.7%, after being stable in December.
Year on year, consumer prices rose by 0.6% after being stable in December. The service prices (+0.8% after +0.7%) and those of tobacco (+12.7% after +12.5%) accelerated. The prices of manufactured goods rebounded sharply (+0.8% after –0.9%), due to the offset of winter sales. The decrease in the energy prices softened (–5.8% after –7.0%) in the wake of petroleum product prices. The food prices grew, year on year, at the same rate as in the last month (+1.0%).
Year on year, core inflation rose, in January, up to +1.0% after +0.2% in December. The Harmonised Index of Consumer Prices (HICP) rose by 0.3% over one month after +0.2% in the previous month; year on year, it increased by 0.8% after being stable in December.
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