• French CPI rose less than expected in March

Market news

12 April 2018

French CPI rose less than expected in March

In March 2018, the Consumer Prices Index (CPI) increased by 1.0% over one month, after a stability in February. This rise came from a rebound in "manufactured product" prices after the end of winter sales (+2.1% after −0.3%) and in food prices (+0.4% after −0.1%). Furthermore, tobacco prices rose markedly (+13.2%) and those of services accelerated over one month (+0.4% after +0.1% in February). On the other hand, energy prices sharply fell back (−0.7%) in the wake of petroleum product prices.

Seasonally adjusted, consumer prices recovered by +0.5%, after a 0.3% downturn in February.

Year on year, consumer prices sharply accelerated in March 2018: +1.6% after +1.2%. This increase in the year-on-year inflation resulted from a sharper rise in prices of services, food and tobacco. On the other hand, energy prices slightly slowed down and those of "manufactured product" fell back.

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