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France : CPI  
Released On 6/15/2017 2:45:00 AM For May(f), 2017
PriorConsensusActual
Month over Month0.1 %0.1 %0.0 %
Year over Year0.8 %0.8 %0.8 %

Highlights
Consumer prices were revised a little softer in the final data for May. The CPI now shows no change versus its final April level, down a tick from its provisional estimate. However, this still left the yearly inflation rate at 0.8 percent, as previously reported, and 0.4 percentage points short of its final reading last time.

The HICP was similarly trimmed 0.1 percentage points to yield a flat monthly performance and an unrevised 0.9 percent annual rate, off 0.5 percentage points from April.

The monthly change in overall consumer prices was boosted by food (0.7 percent) but this effect was roughly offset by weaker energy (minus 1.5 percent). Manufactured goods saw just a 0.1 percent increase while services were flat. Seasonally adjusted, the CPI fell 0.2 percent versus the start of the quarter within which the core component was unchanged. Even so, the annual underlying rate still eased a tick to 0.4 percent.

The final May CPI data confirm a still very subdued picture of underlying inflation pressures.

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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