Don't miss

Replay


LATEST SHOWS

DEBATE

Crossing a red line: French mayor slammed for profiling Muslim students

Read more

DEBATE

Down to the wire: UK election poll shows main parties neck and neck

Read more

ENCORE!

Film show: 'A Thousand Times Goodnight', 'My Old Lady' and 'Titli'

Read more

FOCUS

UK election: Health system a key issue in Wales

Read more

FACE-OFF

Le Pen vs Le Pen: France's far-right family feud turns epic

Read more

MIDDLE EAST MATTERS

Saudi Arabia: Behind the royal family reshuffle

Read more

BUSINESS DAILY

Oil industry cuts an election issue in Scotland

Read more

IN THE PAPERS

Iran bans 'homosexual' and 'devil-worshipping' hairstyles

Read more

IN THE PAPERS

Hollande draws criticism on third anniversary of his presidency

Read more

France

Official data shows French consumer prices fell in June

Text by NEWS WIRES

Latest update : 2009-07-16

French consumer prices fell by 0.5 percent in June, according to official data released Thursday. This marks a deflationary step for the second month running, but shows a monthly rise of 0.1 percent for the past year.

AFP - French consumer prices over 12 months fell by 0.5 percent in June, official data showed on Thursday, marking a deflationary step for the second month running but showing a monthly rise of 0.1 percent.
  
In May, prices over 12 months had shown a fall, of 0.3 percent, for the first time since 1957, owing mainy to a fall in the price of oil from a high point in the middle of 2008.
  
An extended period of falling prices amounts to deflation, a serious threat to an economy since it can set in hand a vicious spiral of falling demand, falling investment and employment, and a further fall in prices.
  
Underlying inflation, excluding public sector prices and volatile prices for energy and basic agricultural supplies, was steady at 1.5 percent over 12 months from 1.6 percent in May, the national statistics institute which published the data, said.
  
But energy prices rose by 3.2 percent in June from the levels in May. However, prices of fresh food products fell by 3.8 percent.
  
The retail sales period began during the month and this explained a fall of 0.2 percent in prices for manufactured goods, notably for clothing and for shoes which fell by 0.8 percent.
  
Food prices, excluding prices for fresh products, fell by 0.1 percent in June.

Date created : 2009-07-16

COMMENT(S)