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France's consumer price index increases by 5.6% YoY in March

03 Apr '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • France's consumer price index should rise by 5.6 per cent year on year in March, after a 6.3 per cent rise in February, according to provisional estimates by a government agency.
  • This fall should result from a slowdown in energy prices in the country.
  • Consumer prices should rise by 0.8 per cent month on month in March, after a 1 per cent rise in February.
France’s consumer price index (CPI) should rise by 5.6 per cent year on year (YoY) in March this year, after a 6.3 per cent rise in the previous month, according to the provisional estimate made at the end of March by the National Institute of Statistics and Economic Studies (INSEE).

This decrease in inflation should result from a slowdown in energy prices, INSEE said in a release.

Prices of manufactured goods and services should increase over a year in March at a rate close to that of the previous month.

Over a month, consumer prices should increase by 0.8 per cent in March this year, after a 1 per cent rise in February.

The prices of energy should slow down due to the new decrease in petroleum product prices and those of manufactured goods should accelerate, the government agency noted.

Fibre2Fashion News Desk (DS)

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