Delay of France inflation
Retail prices decreased with 0.2% in July in France, as their appreciation on an annual basis was 3.6 percent as of June, according to final data published by the National Statistical Office (INSEE). These figures led Luc Shantel, Secretary of State Consumer Affairs and spokesman of the government to declare that "the tip of inflation is behind us". However, the growth of consumer prices in France by 3.6 percent, remains the largest of July 1991 onwards.
In June it was reported inflation of consumer prices by 0.4 percent on monthly base. Harmonised index of consumer prices, which was established with the aim of uniformity measuring changes in the prices of consumer goods and services in all countries of the euro shows further slowdown in inflation in France in July, by 0.3 percent. On an annual basis, the harmonised index of consumer prices into account the drop in inflation in July to 4.0 percent, against 4.1 percent in June. The factors that give rise to the reduction of inflationary pressure, however, are primarily for a typical summer decrease in prices of clothing and footwear. Also serious factor is lower prices of fresh products and household equipment, which reduced demand during the season. This decrease was limited by the increase in prices of services, transport and communications growth and inflation of food except for fresh products. In addition, energy prices and health services in France increased slightly, while prices of rent, overhead costs and health services have remained stable.
Labels: Financial News
posted by Zoritza Petrova @ 2:11 AM
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