2017 Economic Calendar
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France : CPI  
Released On 2/21/2017 2:45:00 AM For Jan(f), 2017
PriorConsensusActual
Month over Month-0.2 %-0.2 %-0.2 %
Year over Year1.4 %1.4 %1.3 %

Highlights
The final estimate of January consumer prices showed the headline CPI falling 0.2 percent versus January, in line with its provisional estimate. However, the yearly inflation rate of was nudged a tick lower to 1.3 percent, although this was still up some 0.7 percentage points from last time and its highest mark since November 2012.

The flash HICP was revised to a slightly steeper 0.3 percent monthly decline but the 1.6 percent annual rate stays, double the 0.8 percent rate recorded in December.

However, as previously signalled, the main upward pressure on the 12-month headline rate came from fresh food and energy where prices were up a monthly 2.8 percent and 4.5 percent respectively. As result, while the seasonally adjusted overall CPI was fully 0.7 percent stronger than in December, the core index rose a smaller 0.4 percent. Even so, this was enough to see the underlying annual inflation rate climb 0.3 percentage points to 0.7 percent.

There is little new in today's report which, once again, underlines the importance of the more volatile sectors to headline inflation. Underlying developments, despite January's rise, remain generally subdued.

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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