2017 Economic Calendar
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France : CPI  
Released On 6/30/2017 2:45:00 AM For Jun(p), 2017
PriorConsensusActual
Month over Month0.0 %0.0 %0.0 %
Year over Year0.8 %0.7 %0.7 %

Highlights
Consumer prices were provisionally unchanged on the month in June which put the annual inflation rate at 0.7 percent, down from 0.8 percent in May and its lowest mark since last December. The outturn was in line with market expectations.

The flash HICP was similarly flat at its level in May which also reduced its yearly rate by a tick to 0.8 percent.

Within the CPI basket, annual inflation in energy dropped from 5.3 percent in mid-quarter to minus 3.1 percent and significantly weighed on the headline print. However, food (0.6 percent after 0.4 percent) provided a partial offset. More generally, the rate in manufacturing climbed from minus 0.7 percent to minus 0.5 percent while services edged a tick firmer to 1.0 percent.

Outside of the more volatile categories the signs are that inflation was probably little changed this month. Economic activity seems to be picking up some steam but product markets remain very competitive and underlying prices will probably struggle to make any real headway for some time yet.

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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