Oil pushes up French inflation figures

23rd June 2004, Comments 0 comments

PARIS, June 23 (AFP) - French consumer prices rose 0.4 percent in May from April and were up 2.6 percent from May 2003 in response to higher energy costs, the national statistics institute INSEE reported Wednesday.

PARIS, June 23 (AFP) - French consumer prices rose 0.4 percent in May from April and were up 2.6 percent from May 2003 in response to higher energy costs, the national statistics institute INSEE reported Wednesday.

Prices in April had risen 0.3 percent from March and 2.1 percent on the year.
Core inflation, which excludes volatile items such as energy and tobacco, was up 0.1 percent from April and 1.6 percent from May 2003.

Measured by a harmonized index of eurozone economies, French inflation came to 0.4 percent in May and 2.8 percent on the year, eclipsing the eurozone average of 2.5 percent.

INSEE said the inflationary spike was "principally caused by rising energy prices," which went up 2.9 percent in May from April and 7.4 percent from May 2003.

© AFP

Subject: French news

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