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Consumer prices in France down 0.4 percent in January

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Staff Writer | Thursday February 21, 2019 6:45AM ET
France retail
Europe   Adjusted for seasonal variations, the index rose by 0.2 percent

The consumer prices index (CPI) in France fell by 0.4 percent in January from a month earlier on a drop in manufacturing costs, the country's Statistics Institute Bureau Insee said on Thursday.


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Adjusted for seasonal variations, the index rose by 0.2 percent from the previous month and by a 1.3 percent year-on-year.

The January price fall stemmed mainly from a 2.1-percent decline in manufactured goods, pulled down by an 11.3-percent drop in clothing prices due to winter sales, Insee said in its report.

Over the period, prices of food products grew by 0.5 percent, but were a little less dynamic than those in December 2018.

In the wake of petroleum prices, those in the energy sector dropped less sharply to 1.2 percent in January compared with a 2.4-percent fall a month earlier.

On a yearly basis, France's prices index slowed down to 1.2 percent.

 

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