2017 Economic Calendar
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France : CPI  
Released On 10/12/2017 2:45:00 AM For Sep(f), 2017
PriorConsensusActual
Month over Month-0.1 %-0.1 %-0.2 %
Year over Year1.0 %1.0 %1.0 %

Highlights
Consumer prices were a little softer than originally reported in September. The final data showed a 0.2 percent monthly dip, a tick sharper than the provisional estimate although the annual inflation rate remained at 1.0 percent, just 0.1 percentage points firmer than its final August mark.

The final HICP was similarly shaded a tick weaker to show a 0.2 percent monthly drop but its annual rate was also unrevised at 1.1 percent, up from 1.0 percent in mid-quarter.

The monthly headline decline was driven by a largely seasonal 1.3 percent drop in the cost of services. However, the annual rate here also eased a couple of ticks to 1.0 percent as airfare inflation dropped 1.8 percentage points to a 2.5 percent yearly rate. By contrast, manufactured goods prices fell less this year (0.5 percent) than in 2016 (0.7 percent) on the back of a smaller seasonal decline in clothing and footwear (0.7 percent after 1.3 percent).

Seasonally adjusted, the CPI was up 0.2 percent versus August. Within this, core prices were just 0.1 percent higher to leave the underlying annual rate unchanged from its 0.5 percent August reading.

The final September data leave a stubbornly flat trend in underlying inflation.

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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