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- French CPI rose less than expected in March
French CPI rose less than expected in March
According to the provisional estimate made at the end of March, the Consumer Price Index (CPI) should slacken again slightly (+1.1% year on year in March 2017 after +1.3% in January and +1.2% in February). This slight slowdown should be the result of these in services and energy prices, and of a sharp deceleration in food prices. These changes should be offset largely by a lesser downturn in the prices of manufactured products and an acceleration in those of tobacco.
Over one month, consumer prices should accelerate sharply: +0.6% after +0.1% in the previous month. This marked increase should come from a rebound in the prices of manufactured products after the end of winter sales and from a further rise in tobacco prices. Contrariwise, food prices are expected to drop due to fresh products prices. Energy prices should fall too, because of a downturn in petroleum products prices. Besides, services prices should slow down.
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