2017 Economic Calendar
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France : CPI  
Released On 8/11/2017 2:45:00 AM For Jul(f), 2017
PriorConsensusActual
Month over Month-0.3 %-0.3 %-0.3 %
Year over Year0.7 %0.7 %0.7 %

Highlights
The final CPI report for July showed prices falling an unrevised 0.3 percent on the month for a 0.7 percent annual inflation rate, also in line with its provisional estimate and as well as matching the final June outturn.

The final HICP weighed in at minus 0.4 percent on the month and 0.8 percent on the year, again in line with its flash reading and similarly in line with its final June print.

On a monthly basis, the decrease in overall prices was driven by a significant seasonal drop in manufactured product prices (2.9 percent). This reflected summer sales, notably in clothing and footwear (14.8 percent). Energy was also down 1.3 percent. By contrast, service sector prices accelerated, posting a 1.0 percent bounce on the back of sharply higher air fares.

Seasonally adjusted, the CPI was only flat for the second month in a row. The core index was similarly steady at its June mark, although this was enough to nudge the underlying annual rate a tick firmer to (a still very soft) 0.5 percent.

Despite increasing signs of improvement in the French real economy, prices remain becalmed due to excess capacity and persistently tight product markets. Economic growth will need to sustain its recent pick-up if core inflation is to get anyway near the 2 percent mark over the foreseeable future.

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
Released On: 1/31/121/312/212/283/153/314/134/285/165/316/156/307/137/28
Release For: DecDecJanJanFebFebMarMarAprAprMayMayJunJunJul
 
Released On: 8/118/319/149/2910/1210/31
Release For: JulAugAugSepSepOct
 


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