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Services prices in France and oil prices
[Prix des services en France et prix du pétrole]

Author

Listed:
  • Louis de Charsonville
  • Caroline Jardet

Abstract

Services price inflation in France stood at 1.0% in 2016, well below its average from 1999 to 2015 (around 2%). This paper looks at the mechanisms through which the fall in oil prices and lower headline inflation have contributed to slowing services prices since mid-2014. An analysis of these interactions suggests that services price inflation will begin to recover as of 2017, to around 2%. L’inflation des services en France s’est établie à 1,0% en 2016, un niveau nettement inférieur à sa moyenne de 1999 à 2015 (environ 2%). Ce billet explore par quels mécanismes la chute des prix du pétrole et la baisse de l’inflation totale ont contribué à ralentir les prix des services depuis mi-2014. L’analyse de ces interactions suggère une remontée de l’inflation des services, après 2017, vers 2%.

Suggested Citation

  • Louis de Charsonville & Caroline Jardet, 2017. "Services prices in France and oil prices [Prix des services en France et prix du pétrole]," Eco Notepad (in progress) 12, Banque de France.
  • Handle: RePEc:bfr:econot:12
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    File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/prix-des-services-en-france-et-prix-du-petrole
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