French official inflation rises

13th January 2011, Comments 0 comments

French consumer inflation picked up sharply in December on the back of higher oil costs, official figures showed on Thursday.

In December, prices rose 0.5 percent from November and were up 1.8 percent over 12 months, the INSEE statistics institute said.

In November and October, prices rose only 0.1 percent on a monthly basis.

INSEE said the spike in December reflected "higher prices for petroleum products (and) ... a seasonal increase in charges for services and fresh produce."

Oil prices in December were up 1.9 percent from November and up 12.5 percent from December 2009, INSEE noted.

© 2011 AFP

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