2018 Economic Calendar
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France : CPI  
Released On 3/30/2018 2:45:00 AM For Mar(p), 2018
PriorConsensusActual
Month over Month0.0 %0.7 %1.0 %
Year over Year1.2 %1.2 %1.5 %

Highlights
Consumer prices provisionally rose a stronger than expected 1.0 percent on the month in March. The end of the quarter typically sees a seasonal bounce but this year's spike was particularly sharp and steep enough to lift the annual inflation rate by 0.3 percentage to 1.5 percent.

The flash HICP was even stronger, increasing a monthly 1.1 percent, lifting its yearly rate by 0.4 percentage points to 1.7 percent.

However, much of the monthly gain in the annual headline CPI rate was attributable to higher food costs which were up some 1.5 percent after a 0.8 percent increase last time. In addition, tobacco (16.6 percent after 4.9 percent) was significantly more expensive. Service sector inflation accelerated from 1.1 to 1.4 percent but manufacturing fell back into deflation as prices were 0.4 percent lower on the year, having edged up 0.1 percent in mid-quarter.

Overall, the signs are that core inflation remains quite sluggish which will not please the ECB if, as seems probable, the economy has started to slow this quarter.

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
 


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