2017 Economic Calendar
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France : CPI  
Released On 7/13/2017 2:45:00 AM For Jun(f), 2017
PriorConsensusActual
Month over Month0.0 %0.0 %0.0 %
Year over Year0.7 %0.7 %0.7 %

Highlights
There were no revisions to the flash CPI data in the final report for June. Consumer prices remain unchanged on the month and 0.7 percent higher on the year, down just a tick from their final May rate.

The final HICP also matched its flash print, posting no change versus May and a 0.8 percent annual inflation rate, similarly down 0.1 percentage points from mid-quarter.

Manufactured product prices were 0.1 percent above their May level and services were up largely seasonal 0.3 percent (airfares 5.0 percent). However, food was down 0.3 percent and energy 1.1 percent (petroleum products minus 2.2 percent). Seasonally adjusted, the overall CPI was flat on the month after a 0.2 percent decline in May. At 0.4 percent, the annual underlying inflation rate was unchanged.

Inflation in France is still struggling to achieve any real traction. The annual underlying rate has not been above 0.5 percent since January and looks unlikely to accelerate significantly any time soon as domestic product markets remain highly competitive. Faster economic growth should provide some lift but the outlook for core inflation near-term would seem only broadly flat.

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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