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French Inflation Eases Slightly In January

Thursday, 23 February 2012 | 00:00
French inflation, as measured by the harmonized index of consumer prices, eased marginally in January, data released by statistical office Insee showed Thursday.
The harmonized index of consumer prices or HICP, measured under the EU methodology, rose 2.6 percent year-on-year in January following a 2.7 percent increase in December.
Economists had forecast the rate of growth to remain steady at 2.7 percent. Month-on-month, the index fell 0.4 percent compared to the expected 0.2 percent decline.
The consumer price index increased 2.3 percent on an annual basis in January, slower than the 2.5 percent increase in the previous month.
Month-on-month, the CPI fell 0.4 percent compared to expectations for a 0.2 percent decline. According to the statistical office, the decline in CPI resulted mostly from a decrease of prices of manufactured products due to winter sales.
The core consumer price index rose 1.5 percent annually during the month. Month-on-month, the core measure fell 0.1 percent.
Source: RTT News
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