France’s Consumer Price Index (CPI) climbed by 1.2pc in July following a 1.5pc rise in June, according to a provisional estimate from the country’s National Institute of Statistics and Economic Studies (INSEE).

 

The Harmonised Index of Consumer Prices is estimated to have grown by 1.6pc in July after a 1.9pc increase in June, compared to the respective months in the prior year. Over one month, the Harmonised CPI is estimated to have increased by 0.1pc in July following a 0.2pc rise in the previous month.

 

Manufactured products encountered a CPI increase of 0.7pc in June but are estimated to have declined by 1.1pc in July. Compared to the same month a year ago, the CPI is estimated to have increased by 1.8pc in July.

 

Industrial producer prices rose by 1pc in June to 106.9 compared to the preceding month when prices also grew by 0.4pc. However, they rose by 7.1pc year-on-year. The increase was attributed to low prices influenced by COVID-19 in spring 2020 as well as jumps in raw material prices as the economy recovers in 2021.

 

Producer prices in the home market rose by 1.1pc in June against May as prices from foreign markets rose by 1pc in the same period. Import price indices of industrial products climbed by 1.4pc to 106.8 in June against the preceding month. 

 

In June, the prices of mining and quarrying products climbed by 2.3pc in monthly terms but rose by 12.8pc compared to the year-ago month.

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