2018 Economic Calendar
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France : CPI  
Released On 5/31/2018 2:45:00 AM For May(p), 2018
Month over Month0.2 %0.2 %0.4 %
Year over Year1.6 %1.8 %2.0 %

Consumer prices were firm in May. A provisional 0.4 percent monthly rise was large enough to lift the annual inflation rate by 0.4 percentage points to 2.0 percent, its highest reading since August 2012.

The flash HICP was equally robust, also climbing 0.4 percent versus April to stand 2.3 percent higher on the year, a hefty 0.5 percentage point gain from last time.

However, most of the work was done by the more volatile categories. Hence, annual inflation in energy jumped from 6.3 percent to fully 10.0 percent while fresh food rose from 3.9 percent to 4.9 percent. More importantly, the rate in services was only flat at 1.4 percent while deflation in manufacturing (0.1 percent after 0.2 percent) was minimally less marked.

Consequently, core inflation was probably little changed this month. Still, the jump in the headline measure could provide a boost to inflation expectations which, in turn, could help to promote a higher underlying rate further down the road.

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
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