12 January 2001, 16:21 Fabius says Dec CPI fall indicates long-term growth, job creation
PARIS (AFX) - Finance Minister Laurent Fabius said the 0.1 pct
month-on-month fall in the provisional consumer prices index for
December should help provide for "long-term, non-inflationary growth"
and job creation.
The fall is "good news for the economy and for purchasing power",
Fabius said in a statement.
Fabius said falling petrol prices and the beginnings of a recovery
of the euro will also contribute to stable growth.
Statistics office Insee this morning reported a year-on-rise in the
CPI of 1.6 pct in Dec against 2.2 pct reported in Nov and compared with
a consensus forecast for a rise of 1.8 pct.
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