2017 Economic Calendar
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France : CPI  
Released On 2/28/2017 2:45:00 AM For Feb(p), 2017
PriorConsensusActual
Month over Month-0.2 %0.4 %0.1 %
Year over Year1.3 %1.2 %

Highlights
Consumer prices were unexpectedly weak this month. The CPI provisionally rose just 0.1 percent versus January which was small enough to see the annual inflation rate dip from 1.3 percent to 1.2 percent, the first time that it has not risen since August.

At the same time, the flash HICP similarly decelerated with a 0.1 percent monthly increase that shaved a couple of ticks off its yearly rate to 1.4 percent.

The change in annual inflation was hit by weakness in manufacturing where prices fell 1.6 percent on the year after a 0.3 percent decline in January. By contrast, services posted a 0.2 percentage point gain to 1.1 percent while energy advanced 1.1 percentage points to 11.4 percent and food 0.2 percentage points to 0.5 percent.

Today's results suggest that underlying inflation was weak this month and so re-emphasises the need for a sustained and robust pick-up in domestic demand in order to meet price stability goals. The French outturn also makes for some downside risk to Thursday's Eurozone inflation update.

Definition
The consumer price index (CPI) is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly and annual changes in the CPI represent the main rates of inflation. The national CPI is released alongside the HICP, Eurostat's harmonized measure of consumer prices. A flash estimate was released for the first time in January 2016 and is now published towards the end of each reference month.  Why Investors Care
 
 

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