2017 Economic Calendar
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France : CPI  
Released On 5/16/2017 2:45:00 AM For Apr(f), 2017
PriorConsensusActual
Month over Month0.1 %0.1 %0.1 %
Year over Year1.2 %1.2 %1.2 %

Highlights
April consumer prices were unrevised in the final report. A 0.1 percent monthly rise put the CPI 1.2 percent above its level a year ago, up a tick from March's annual rate to equal its February mark.

The flash HICP was similarly unrevised and so still shows a 0.1 percent monthly increase and, for the third month in a row, a 1.4 percent yearly rate.

As indicated previously, the gentle acceleration in the headline annual rate reflected reduced deflation in manufacturing where prices fell 0.7 percent after a 1.0 percent drop last time. Services on the other hand saw their rate dip a tick to 1.0 percent.

Seasonally adjusted, the CPI again recorded no monthly change, matching its performance in March. However, the core index rose 0.2 percent on the month which was enough to lift the yearly underlying rate from 0.4 percent to 0.5 percent although this was still short of January's 0.7 percent peak.

All in all deflation risks seem to be much less of a threat to the French economy but underlying prices are still only recovering slowly – and will probably need faster growth of domestic demand if they are to continue to do so.

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
 
 

2017 Release Schedule
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