Market news
13.07.2021, 07:00

French consumer price index rose less than expected in June

According to the report from Insee, in June 2021, the Consumer Price Index (CPI) rose by 0.1% over one month, after +0.3% in May. Economists had expected a 0.2% increase. The prices of services slowed down (+0.1% after +0.3%) and those of food fell back (–0.7% after +0.5%). The tobacco prices were stable. The prices of manufactured goods (+0.5% after +0.1%) and those of energy (+1.1% after +0.5%) accelerated.

Seasonally adjusted, consumer prices advanced by 0.2% as in May.

Year on year, consumer prices rose by 1.5%, after +1.4% in May. Those of manufactured goods rebounded (+0.7% after –0.1%). Food prices fall slightly less than in the previous month (–0.2% after –0.3%). The tobacco prices grew at the same rate as in May (+5.3%). The prices of services (+0.8% after +1.1%) and those of energy (+10.9% after +11.7%) slowed down.

Year on year, core inflation grew in June, up to +1.1%, after +0.9% in May. The Harmonised Index of Consumer Prices (HICP) rose by 0.2% over one month after +0.3% in the previous month; year on year, it increased by 1.9%, after +1.8% in May.

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