France had zero inflation in 2015: statistics agency

13th January 2016, Comments 0 comments

French inflation was zero in 2015, the national statistics agency Insee said on Wednesday.

Prices rose 0.5 percent in 2014.

"This new slowdown in consumer prices is mostly due to a sharp reduction in energy prices, in particular for oil products," Insee said in a statement.

Stripping out energy, consumer prices rose by an average 0.5 percent over last year. Average annual price rises are distinct from the more common December year-on-year comparison, which came in at a rise of 0.2 percent, excluding energy.

Energy prices for consumers dropped by nearly five percent in 2015 after a one-percent fall in 2014.

Manufactured product prices also fell, as did rents and household services.

Transport, communication and health costs all went up, Insee said, and food prices saw a slight rebound.

© 2016 AFP

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