Eco Analysis - Energy prices to put upward pressure on French inflation in December and January (M. Martinez)
Eco Analysis - Energy prices to put upward pressure on French inflation in December and January (M. Martinez) Energy prices to put upward pressure on French inflation in December and January French inflation gauges have been slowing down since the beginning of the year. After another drop in annual rates in November, we expect this trend to break in January, owing mainly to an increase in energy and food prices. Indeed, energy prices have been constrained by the government over past months, but are likely to catch up in December and January. We expect FRCPIxt to rise by 1.75% yoy in the first two months of 2013. ■ Excise duties on gasoline prices to rise progressively Following up on a promise made by François Hollande during his presidential campaign, excise duties on fuels (TICPE) were temporary reduced by €3ct per litre between 29 August and 30 November. At the same time, gasoline retailers matched the price cut, leading to an average reduction of €6ct per litre. Last week, t...