Forex News

Inflation in France remained stable in April, in line with expectations

France’s consumer price inflation remained stable in April, in line with expectations, as evidenced by a preliminary estimate from the statistical office Insee, published on Friday. Consumer prices in April rose by 1.6 percent year-on-year, the same indicator was noted in March. This stability was due to a sharp acceleration of energy prices and, to a lesser extent, food prices, which was offset by a slowdown in the prices of services. On a monthly basis, consumer prices in April rose by 0.1 percent, which is much slower than the recovery by 1.0 percent. This indicator also corresponds to the preliminary forecast. The EU inflation indicator, or the HICP, in April increased by 1.8 percent year-on-year, after rising by 1.7 percent in March. Meanwhile, it was projected that the indicator will remain stable at 1.7 percent. On a monthly basis, price growth slowed to 0.1 percent from 1.1 percent in March, according to the expectations of economists. Another report from the statistical office showed that producer prices in the French market increased by 0.4 percent in March, after the actual stability in February. In all major industries, prices were high. In all markets, producer prices in industry rose 0.3 percent, after rising 0.2 percent the previous month. On an annual basis, producer price inflation accelerated from 1.1 percent to 1.9 percent.