2018 Economic Calendar
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France : CPI  
Released On 4/27/2018 2:45:00 AM For Apr(p), 2018
PriorConsensusActual
Month over Month1.0 %0.1 %0.1 %
Year over Year1.6 %1.6 %1.6 %

Highlights
Consumer prices provisionally rose 0.1 percent on the month in April. This left the annual inflation rate unchanged at 1.6 percent.

The flash HICP similarly advanced 0.1 percent versus March although this was enough to lift its yearly rate by a tick to 1.8 percent.

The stability of the annual CPI rate was largely due to energy where inflation climbed fully 1.2 percentage points to 6.2 percent. Food (1.6 percent after 1.5 percent) also provided a small boost. However, increases here masked a dip in services (1.3 percent after 1.4 percent) while the manufactured products rate was only flat and so still in negative territory (minus 0.3 percent). Consequently, core inflation probably slipped back having edged up to 0.9 percent in March.

The early Easter probably biased up headline inflation last month and a reversal would have been seen this month but for the jump in commodity prices. Underlying trends remain soft which is doubly ominous in the wake of the sharp slowdown in economic growth reported for the start of the year (see today's flash GDP calendar entry).

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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