Inflation off again in February
Posted by admin | Under economics, features, finance, money, people Tuesday Mar 16, 2010End balances and high tourist season in Winter forcing prices are increasing again in February. The index of consumer prices rose by 0.6% over the last month, and 1.3% year over year, according to figures released Tuesday by the INSEE. The government forecasts a moderate price increases of 1.2% on year.
This resurgence of inflation "from higher prices of manufactured goods, particularly related to the end of winter sales and the prices for other services during a holiday in February, Insee said. The prices of clothing rose by 5.8% compared to January, with the end of winter discounts.On the other hand, prices of holiday homes jumped by 32.4% from the previous month instant payday loan .
Prices of vegetables increased sharply for the second consecutive month by 1.3%, "due to difficult climatic conditions for production and delivery of products," INSEE said.
In contrast, reductions of tariffs in the aviation and automotive brake rising prices. The price of energy, including petroleum products have remained stable.
"The French economy (like all developed economies) is experiencing overcapacity," said Nicolas Bouzou, economist at Aster. "There is no pressure on producer prices could be passed on the overall retail price".