2017 Economic Calendar
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France : CPI  
Released On 1/3/2017 2:45:00 AM For Dec(p, 2016
PriorConsensusActual
Month over Month0.0 %0.2 %0.3 %
Year over Year0.5 %0.7 %0.6 %

Highlights
Inflation provisionally accelerated again in December. A 0.3 percent monthly rise in consumer prices lifted their annual rate from 0.5 percent in mid-quarter to 0.6 percent, its highest level since May 2014.

The HICP followed a similar pattern, also gaining 0.3 percent versus November for a 0.8 percent annual rate, up from 0.7 percent last time.

However, the overall acceleration was essentially just attributable to stronger gains in the more volatile sectors. Hence, within the CPI the yearly rate more than doubled in both energy (to 4.3 percent) and food (to 0.7 percent), the latter boosted by a particularly sharp jump in fresh produce (5.5 percent after 2.2 percent). More significantly, inflation in services dipped a tick to 0.9 percent while deflation in manufacturing rose ominously to 0.9 percent from 0.6 percent.

Consequently, today's headline data are misleadingly firm and mask a weaker underlying picture. The real economy may have picked up some momentum last quarter but, in what remain extremely tight product markets, it will probably need to grow sustainably faster to have any meaningful impact on consumer prices.

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: 8/118/319/149/2910/1210/3111/1511/3012/14
Release For: JulAugAugSepSepOctOctNovNov
 


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