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- French consumer price index rose by 1.5% y/y in June, as expected
French consumer price index rose by 1.5% y/y in June, as expected
According to the report from INSEE, over a year, the Consumer Price Index (CPI) should rise by 1.5% in June 2021, after +1.4% in the previous month, according to the provisional estimate made at the end of the month. This increase in inflation should result from the rebound of manufactured good prices. The tobacco prices should rise at the same rate as in the last month. The decrease in food prices should maintain at the same level as in May. The prices of services and those of energy should slow down.
Over one month, consumer prices should rise by 0.2% after +0.3% in May.
The prices of services should slow down slightly and those of food should fall back. The tobacco prices should be stable. The prices of manufactured goods should accelerate in link with those of clothing and footwear. The prices of energy should be more dynamic than in the previous month.
Year on year, the Harmonised Index of Consumer Prices should rise by 1.9% after +1.8% in May. Over one month, it should increase by 0.2% after +0.3% in the previous month.
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