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- French consumer price index rose less than expected in June
French consumer price index rose less than expected in June
According to the report from Insee, in June 2021, the Consumer Price Index (CPI) rose by 0.1% over one month, after +0.3% in May. Economists had expected a 0.2% increase. The prices of services slowed down (+0.1% after +0.3%) and those of food fell back (–0.7% after +0.5%). The tobacco prices were stable. The prices of manufactured goods (+0.5% after +0.1%) and those of energy (+1.1% after +0.5%) accelerated.
Seasonally adjusted, consumer prices advanced by 0.2% as in May.
Year on year, consumer prices rose by 1.5%, after +1.4% in May. Those of manufactured goods rebounded (+0.7% after –0.1%). Food prices fall slightly less than in the previous month (–0.2% after –0.3%). The tobacco prices grew at the same rate as in May (+5.3%). The prices of services (+0.8% after +1.1%) and those of energy (+10.9% after +11.7%) slowed down.
Year on year, core inflation grew in June, up to +1.1%, after +0.9% in May. The Harmonised Index of Consumer Prices (HICP) rose by 0.2% over one month after +0.3% in the previous month; year on year, it increased by 1.9%, after +1.8% in May.
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