French inflation at 1.7 percent in March

23rd April 2004, Comments 0 comments

PARIS, April 23 (AFP) - French consumer prices rose 0.4 percent in March from February, and were up 1.7 percent from the same month a year earlier, figures released Friday by the national statistics institute Insee showed.

PARIS, April 23 (AFP) - French consumer prices rose 0.4 percent in March from February, and were up 1.7 percent from the same month a year earlier, figures released Friday by the national statistics institute Insee showed.

The increases were due largely to higher prices for clothing and footwear following the end of winter sales, and because of higher petroleum prices, Insee said.

Fresh and processed foods were also more expensive, it added.

The final figures were unchanged from provisional estimates, and in line with forecasts by analysts polled by AFP's financial news service AFX News.

Since the beginning of this year, inflation has reached 0.3 percent, Insee said.

Its consumer price index excluding energy was up 0.3 percent on the month, also unchanged from provisional figures.

Excluding tobacco it was 0.4 percent higher in March than in February.

The harmonised index of consumer prices (HICP) calculated to allow comparison with other European Union members was up 0.4 percent month-on-month, and increased 1.9 percent on an annual basis.


© AFP

                                             Subject: French news

 


 

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