2018 Economic Calendar
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France : CPI  
Released On 1/31/2018 2:45:00 AM For Jan(p), 2018
PriorConsensusActual
Month over Month0.3 %-0.3 %-0.1 %
Year over Year1.2 %1.1 %1.4 %

Highlights
Consumer prices provisionally slipped 0.1 percent on the month in January. The fall was seasonally small and weak enough to lift the annual inflation rate from December's final 1.2 percent to 1.4 percent, equalling its highest reading since October 2012.

The flash HICP also fell 0.1 percent versus December and, as a result, saw its yearly rate climb a tidy 0.3 percentage points to 1.5 percent.

The acceleration in the annual CPI rate was mainly attributable to services where inflation moved up from 1.0 percent to 1.3 percent. However, manufacturing finally dragged itself out of deflation, posting a 0.1 percent rate, up from minus 0.1 percent last time. Energy (5.2 percent after 5.0 percent) also had a small positive effect but with food inflation (1.2 percent after 1.3 percent) slightly softer, the signs are that the core rate probably firmed somewhat.

The bounce in headline inflation at the start of the year comes as something of a surprise but offers hope that the improving real economy is starting to provide prices with a boost. It remains to be seen whether or not it can be sustained but the ECB for one will certainly be hoping so.

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
 
 

2018 Release Schedule
Released On: 1/51/121/312/222/283/153/304/124/275/155/316/146/297/127/31
Release For: DecDecJanJanFebFebMarMarAprAprMayMayJunJunJul
 
Released On: 8/148/319/139/2810/1110/3111/1411/30
Release For: JulAugAugSepSepOctOctNov
 


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