| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

News Main Page 
 
 News
 Irish
 European
 International
 Asia-Pacific Business Week
 
 Analysis/Comment

RSS FEED


How to use our RSS feed

 
Web Finfacts

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Search

News : European Last Updated: Dec 19th, 2007 - 13:17:15


French consumer price inflation rose 0.4% to annual rate of 2.1% in May
By Finfacts Team
Jun 14, 2006, 10:53

Email this article
 Printer friendly page

In May 2006, the consumer price index for all households in the whole of France rose by 0.4% as in the previous month (+0.1 % in May 2005).The year-on-year price increase was 2.1 % after +1.7 % in April.

The price index adjusted for seasonal variations showed a rise of 0.4% as in the previous month.


The underlying inflation indicator was stable after a rise of 0.2% in April. It rose  1.1 % year-on-year (+1.2 % last month).

In May, the consumer price index increase was mainly explained by rises in the price of petroleum products and town gas. That was combined with rises in prices of other services, of fresh produce and of health services. Prices of clothing and footwear, of foodstuffs except fresh produce and of other manufactures increased too.

Conversely, falls in price of transport and communication and of actual rentals, water supply and refuse collection, limited the rise of overall index.

Growth forecast raised

The Bank of France today raised its forecast for growth of the French economy in the second quarter to 0.7% from 0.6%.

Even if the economy did not grow, or contract, during the rest of the year, growth at the end of 2006 would be 1.6% - the so-called assured growth figure - the bank said.

The French central bank also reported that its index of French business confidence  had risen to 111 in May from 106 in April. It reported business leaders as saying that industrial activity  had rallied in May.


© Copyright 2007 by Finfacts.com

Top of Page

European
Latest Headlines
German ZEW Indicator of Economic Sentiment fell in January to a to 15-Year low indicating plunge in investor confidence
UK Annual Consumer Price Inflation held steady in December at 2.1%
Total cost of employment in Ireland at €38,541in 2007 - 16th of 24 EU countries; New EU member states have lowest labour costs
European Union countries fighting over share-out for cutting greenhouse gas emissions; Environment Commissioner now says some biofuels do more harm than good
UK factory gate/wholesale price annual inflation rose to 5% in December - the highest since 1991
Eurozone industrial production fell 0.5% in November
Manchester United almost doubled profit in 2007; Premier League clubs’ revenues to increase significantly in 2007/08 to over £1.76bn
Trichet says ECB is in position of "total alertness" to act in response to price/wage setting linked to the current high Eurozone headline inflation rate
European Central Bank keeps its its benchmark interest rate on hold at 4.00%; Trichet to warn of inflation risks at press conference
Bank of England keeps benchmark interest rate unchanged at 5.50%
European Central Bank expected to keep benchmark interest rate on hold at 4%; Bank of England base rate cut likely
Eurozone Economic Outlook: GDP growth to slow to annual rate of 2.1% in Q2 2008; If negative shocks were to fade economic slowdown may be only transitory
European Commission analysis looks at the role of India in world agriculture
Eurozone GDP revised up to 0.8% in Q3 2007 - up 2.7% in year to September
German exports and retail sales fell in November 2007
UK Consumer Confidence fell in December; Marks & Spencer reports first same-store sales fall in 2 1/2 years on reduced Christmas spending
Eurozone retail sales volume fell 0.5% in November 2007 - down 1.4% on annual basis but up 0.9% in EU27
UK Retail Sales December 2007: A far from Merry Christmas in the High Street
UK sales of commercial property plunged in Q4 2007 because of credit crunch; Market set for biggest annual losses in more than 25 years
Eurozone Business Climate Indicator and Economic Sentiment Indicator weakened in December 2007