Inflation rate in France eases more than expected in January


On March 19, 2020, women wearing protective face masks and buying fruits and vegetables at the Bastille market in Paris were blocked to reduce the incidence of coronavirus disease (COVID-19) in France. .. (Gonzalo Fentes / Reuters)

Paris — France’s inflation rate in January was lower than expected as winter sales settled from a 13-year high for industrial products.

According to the INSEE Bureau of Statistics, consumer prices rose 0.1% in January and inflation in December fell from 3.4% in December to 3.3%. Economists polled by Reuters predicted an average rate of 3.0%.

Prices of manufactured goods have fallen, but prices of almost all others have risen, and energy prices have risen 19.7% in a year following the rise in the global oil market.

INSEE reached its highest level since September 2008, with the consumer price index rising slightly from 2.8% in December to 2.9%, without using the EU’s agreed methodology in calculating inflation. I said that I did.

While the country index is more closely tracked in France, the EU Harmony Index is used outside France to compare inflation rates in countries using the euro.

Reuters

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