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The impact of oil prices on inflation in France and the euro area
[L’impact du prix du pétrole sur l’inflation en France et en zone euro]

Author

Listed:
  • Yannick Kalantzis
  • Jean-François Ouvrard

Abstract

A EUR 10 rise in the price of oil results in a 0.4% increase in consumer prices in France and the euro area. A significant part of this rise can be attributed to the non-energy components of the consumer price index. This indirect effect amounts to 0.1 percentage point in the euro area and 0.15 percentage point in France. Une hausse de 10 EUR du prix du pétrole augmente les prix à la consommation de 0,4% en zone euro et en France. Une partie non négligeable de cette hausse vient des composantes hors énergie des prix à la consommation. Cet effet indirect s'élève à 0,1 point en zone euro et 0,15 point en France.

Suggested Citation

  • Yannick Kalantzis & Jean-François Ouvrard, 2018. "The impact of oil prices on inflation in France and the euro area [L’impact du prix du pétrole sur l’inflation en France et en zone euro]," Eco Notepad 50, Banque de France.
    • Handle: RePEc:bfr:econot:50
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