France consumer prices increased by 1.4% in December

According to the report from INSEE, over a year, the Consumer Price Index (CPI) should accelerate to +1.4% in December 2019, after +1.0% in the previous month, according to the provisional estimate made at the beginning of January 2020. This sharp rise in inflation should result essentially from a marked rebound in energy prices, in the wake of petroleum product prices. The lesser drop in manufactured goods prices and the slight acceleration in services prices should contribute also. The prices of food and tobacco should rise at the same pace as in the previous month.

Over one month, consumer prices should increase by 0.4%, after +0.1% in November. The prices of energy and food should be more dynamic than in the previous month. Those of services should rebound seasonally. Finally, manufactured goods prices should rise slightly after a little fall in the previous month. Tobacco prices should be stable after a sharp increase in November.

Year on year, the Harmonised Index of Consumer Prices should gather pace to +1.6% after +1.2% in November. Over one month, it should rise by 0.5%, after +0.1% in the previous month.