• France: consumer price growth slowed to 1.0% y/y in May

Market news

29 May 2019

France: consumer price growth slowed to 1.0% y/y in May

According to the provisional estimate made Insee at the end of the month, over a year, the Consumer Price Index (CPI) should slow down in May 2019 (+1.0% after +1.3% in April). This drop in inflation over a year should result from a slowdown in the prices of services, energy and food and from a little more marked drop in those of manufactured goods. Contrariwise, tobacco prices should gather pace.

Over one month, consumer prices should slow down barely (+0.2% after +0.3% in April). Services prices should fell back in the wake of those in transport and energy prices should slow down. On the other hand, food prices should be more dynamic than in April, due to a rebound in fresh product prices. The prices of manufactured goods and tobacco should rise slightly more than in the previous month.

Year on year, the Harmonised Index of Consumer Prices should slow down sharply (+1.1% after +1.5% in April). Over one month, it should slow down to +0.2%, after +0.4% in the previous month.

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