Tuesday, January 3, 2017

Inflation at the highest since may 2014 – Echoes

The rise of inflation is confirmed. Consumer prices rose 0.3% in France in December compared to November due to the rising prices of energy and food products, according to a first estimate published on Tuesday by the Insee.

Over a year, they show a rise of 0.6% against 0.5% a month earlier, the pace is the highest since may 2014. Furthermore, they should rise above 1% in 2017 .

Still according to the Insee, the price index, harmonised, HICP, which allows for comparisons with other countries in the euro zone, grew 0.3% in December and recorded an increase of 0.8% year on year, there also the highest level since may 2014.

Fell to negative levels in the winter of 2016, inflation bounces back very gradually since then but are still far from the objective of the european central Bank (ECB), located a little less than 2%.

For the month of December, the Insee reported a higher more pronounced on a year-on-year prices of energy and food products. But the price of the service would slow down a bit and those manufactured products will decline more sharply than in November.

The final index for December, the only valid for the indexing of private contracts, annuities, alimony, or the evolution of the Smic, will be released on January 12.

Source Reuters


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