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French Inflation Exceeds Forecast In March

4/12/2012 1:47 AM ET

France's EU harmonized consumer prices increased faster than economists expected in March, data released by statistical office Insee showed Thursday.

The harmonized index of consumer prices (HICP) increased 2.6 percent on an annual basis in March, markedly faster than the 2.3 percent growth economists forecast. In February, the HICP rose 2.5 percent year-on-year.

Month-on-month, the HICP advanced 0.9 percent during the month, while economists were looking for a 0.7 percent sequential gain. In February, the monthly growth in HICP was 0.5 percent.

At the same time, the consumer price inflation remained unchanged at 2.3 percent in March, while economists expected inflation to ease to 2.1 percent.

Compared to the previous month, consumer prices moved up 0.8 percent in January, following February's 0.4 percent increase. Economists expected prices to rise 0.6 percent month-on-month.

by RTT Staff Writer

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