Inflation continued to accelerate in April in France. It now reaches 4.8% over one year, according to an initial estimate published this Friday by INSEE.
After 3.6% in February and 4.5% in March on a year-on-year basis, the rise in prices was moderated in April by a lesser acceleration in energy prices. But those of services, manufactured goods and food, on the other hand, grew more rapidly than in previous months. These nevertheless increased by 26.6% over one year, after having jumped by 29.2% in March.
In this first estimate, INSEE estimates that in April, “energy prices would fall back in line with the fall in the price of petroleum products, and those of manufactured products would slow down”. On the other hand, the waltz of labels is accelerating in food, services and manufactured goods.
Wider European trend
On the first item, inflation reached 3.8% over one year, after rising 2.9% in March. The prices of manufactured goods and services increased by 2.7% and 2.9% respectively compared to April 2021. Over one month, consumer prices increased by 0.4%, after 1.4 % between February and March 2022.
The harmonized index (HICP), which serves as a basis for comparison at European level, increases for its part by 5.4% on an annual basis, after 5.1% in March. The slight slowdown in the rate of inflation growth places France in a broader European trend.
The consumer price index remains at a historically high level in Europe. In France, the inflation rate reached in March was a peak not seen since the mid-1980s.