2017 Economic Calendar
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France : CPI  
Released On 3/15/2017 3:45:00 AM For Feb(f), 2017
PriorConsensusActual
Month over Month0.1 %0.1 %0.1 %
Year over Year1.2 %1.2 %1.2 %

Highlights
Consumer prices were unrevised in the final report for February. A 0.1 percent monthly rise saw the annual inflation rate dip a tick to 1.2 percent, still 1.3 percentage points above its mark a year ago.

At the same time, the HICP was revised marginally firmer to show a 0.2 percent monthly increase although this was not large enough to impact the previously reported 1.4 percent yearly flash reading.

In fact, the modest deceleration in headline consumer prices masked a much steeper fall in the underlying index. Hence, while the seasonally adjusted overall CPI dropped 0.2 percent from January, the core index declined fully 0.4 percent. Underlying annual inflation was just 0.2 percent, down some 0.5 percentage points from January and its weakest posting in almost two years. The fall was mainly due to manufactured goods where prolonged winter sales saw prices drop a further 0.3 percent on the month in contrast to a 1.0 percent rise in February 2016.

The final data reinforce the impression of subdued price pressures in the French economy. Service sector inflation is creeping up but goods producers continue to struggle due to the softness of domestic demand. Economy-wide deflation risks may have eased but cannot be dismissed altogether.

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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