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- Consumer price growth in France accelerated in June
Consumer price growth in France accelerated in June
According to the provisional estimate from Insee, over a year, the Consumer Price Index (CPI) should accelerate in June 2019 after a slowdown in May (+1.2% after +0.9% in May and +1.3% in April). This rise in inflation over a year should result from a stronger increase in services and food prices and a drop a little less marked in those of manufactured goods. This increase should be slightly offset by a lesser dynamism in energy prices.
Over one month, consumer prices should grow barely more than in May (+0.2% after +0.1%). Services prices should rebound in the wake of those in transport and the prices of communication services should rise sharply. Food prices should slow down. Those of energy should fell back, due to a drop in petroleum product prices, partly offset by an increase in electricity fees. The prices of manufactured goods and tobacco should be stable.
Year on year, the Harmonised Index of Consumer Prices should gather pace (+1.4% after +1.1% in May). Over one month, it should rise by 0.3%, after +0.1% in the previous month.
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